Which of the Following Must Be Considered in Long Run

question 150

Multiple Choice

Which of the following must be considered in long run planning?

• A) Production choices.
• B) Fixed costs.
• C) Investment choices.
• D) Declining marginal physical product.

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Definitions:

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Self-actualization

Achieving or completing one's innate talents and possibilities, considered to be an intrinsic motivation or need in everyone.

Psychodynamic Theorists

Psychologists or theorists who emphasize the role of the unconscious mind, internal conflicts, and past experiences in shaping human behavior and personality.

Freud's Assumption

A reference to Sigmund Freud's foundational beliefs that unconscious motivations and childhood experiences significantly influence human behavior and personality.