As Wendy Read Her Textbook, She Wrote Summaries of Each

question 95

Multiple Choice

As Wendy read her textbook, she wrote summaries of each section. When she met with her study group, she was able to answer many, but not all of the questions posed by her study group. What should she do next?

• A) She should choose a different memory strategy.
• B) She should keep using her current strategy, but concentrate on summarizing parts of the textbook she knows least well.
• C) She should stop studying because she used an effective memory strategy and knows most of the material already.
• D) She should stop going to the study group and study by herself.

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm operates at higher levels of output.

Long Run

A period in economic theory during which all factors of production and costs are variable.

Average Costs

Average costs are calculated by dividing the total costs of production by the quantity of output produced, often used to assess cost efficiency.

Output Increases

A rise in the amount of goods or services produced by an entity.