Thirsty Thelma Owns and Operates a Small Lemonade Stand

question 384

Multiple Choice

Thirsty Thelma owns and operates a small lemonade stand. When Thelma is producing a low quantity of lemonade she has few workers and her equipment is not being fully utilized. Because she can easily put her idle resources to use,

• A)the marginal cost of an extra worker is large.
• B)the marginal cost of one more glass of lemonade is smaller than if output were high.
• C)the marginal product of an extra worker is small.
• D)her lemonade stand is likely to be crowded with workers.

---

Definitions:

Latent Content

The hidden psychological meaning of dreams, going beyond the literal storyline to uncover deeper symbolic significance.

Psychodynamic

An approach in psychology that emphasizes the systematic study of the psychological forces that underlie human behavior, feelings, and emotions and how they might relate to early experience.

Manifest

To display or show (a quality or feeling) by one's acts or appearance; to be evidence of; to reveal.

Manifest Content

The apparent, literal content of a dream, as opposed to the hidden or symbolic meaning.