"Don't Buy That CD Over the Internet! Last I Looked,by

question 21

Multiple Choice

"Don't buy that CD over the Internet! Last I looked,by the time you add up the out-of-state tax and the mailing rate,you'll pay $5.70 over the price of the same CD at the downtown mart.That's unfair,and we need to support our downtown businesses." This statement would be MOST characteristic of a person in the ____________ stage of cognitive development.

• A) sensorimotor
• B) formal
• C) concrete
• D) preoperational

---

Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, which often leads to a reduced cost per unit of output.

Diseconomies of Scope

A situation in which a single firm producing multiple products has higher costs than if each product were produced by a separate firm.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, which often leads to a reduction in average cost per unit as scale is increased.

Economies of Scope

Cost advantages that a business experiences by expanding the variety of products or services it offers, leveraging shared operations or resources.