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Developmental Psychologist Abraham Maslow Differentiated Five Categories of _______ That

question 30

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Developmental psychologist Abraham Maslow differentiated five categories of _______ that every individual has.


Definitions:

Average Costs

The total costs of production divided by the number of units produced, representing the cost per unit.

Returns To Scale

The change in output resulting from a proportional change in all inputs in the production process; can be increasing, constant, or decreasing.

Increasing Returns To Scale

See Economies of scale.

Economies Of Scale

Exist when average costs fall as output increases.

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