Suppose That a Firm's Output Increases from 500 to 600

question 53

Multiple Choice

Suppose that a firm's output increases from 500 to 600 units and its total cost increases from $50,000 to $72,000,and if the price of inputs and technology remain unchanged,calculate the change in average total cost and state whether constant returns to scale,economies of scale or diseconomies of scale exist in this case.

• A)Increase of $20 and economies of scale
• B)Increase of $20 and diseconomies of scale
• C)Increase of $20 and constant returns to scale
• D)No change and constant returns to scale

Understand reasoning types and their application in developing sociological research.

Differentiate between independent and dependent variables within a research study.

Acknowledge the role and importance of literature review in sociological research.

Understand the ability of different sociological research methods to establish cause and effect.

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Definitions:

Primary Prevention

Strategies and measures taken to prevent the onset of disease or injury before it occurs.

Yearly Mammography

An annual screening process using X-ray imaging to detect breast cancer in women, recommended to start at a certain age or for those at higher risk.

Prostate Specific Antigen (PSA)

A protein produced by cells of the prostate gland, elevated levels of which can indicate prostate cancer or other conditions.

Chronic Fatigue

A persisting state of extreme tiredness and lowered energy levels not relieved by rest, often linked with chronic fatigue syndrome.