The Graph of a Company's Total Cost Function Is Shown

question 61

Multiple Choice

The graph of a company's total cost function is shown. Does this total cost function represent a manufacturing process that is getting more efficient or less efficient as the production level increases? ​ ​

• A) less efficient
• B) more efficient

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.