In the Long Run a Company That Produces and Sells

question 520

Multiple Choice

In the long run a company that produces and sells covers for cell phones incurs total costs of $2,500 when output is 1,250 covers and $4,000 when output is 1,500 covers. For this range of output, the cell phone cover company exhibits

• A)economies of scale.
• B)constant returns to scale.
• C)diseconomies of scale.
• D)efficient scale.

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Definitions:

Sexual Dysfunction

A problem occurring during any phase of the sexual response cycle that prevents the individual or couple from experiencing satisfaction from sexual activity.

Rationalization

A defense mechanism in which controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.

Compensation

Payment or benefits given for services rendered or as a recompense for injuries sustained or inconveniences.

Introjection

The unconscious adoption of the ideas or attitudes of others, often used as a defense mechanism.