Which Statement Describes Step-Cost Behaviour

question 32

Multiple Choice

Which statement describes step-cost behaviour?

• A) discontinuous
• B) displays a constant level of cost for a range of output and then jumps to a higher level at some point
• C) must be purchased in chunks
• D) all of the above describe step-cost behaviour

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Definitions:

Benjamin Lee Whorf

An American linguist known for his hypothesis on linguistic relativity, suggesting language shapes thought and cultural perception.

Honeymoon

A vacation taken by newlyweds shortly after their wedding to celebrate their marriage.

Culture Shock

The feeling of disorientation experienced by someone who is suddenly subjected to an unfamiliar culture, way of life, or set of attitudes.

Oberg's Model

A theory outlining the stages of adjustment people often go through when experiencing a new culture, including the honeymoon, negotiation, adjustment, and mastery phases.