The Alcoholics Anonymous Doctrine​

question 89

Multiple Choice

The Alcoholics Anonymous doctrine​

• A) ​calls for complete abstinence.
• B) ​adopts a psychological approach to quitting drinking.
• C) ​holds that most alcoholics will eventually be cured of problem drinking.
• D) ​includes the notion that members must give up tobacco as well as alcohol.

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Definitions:

Excess Capacity

The situation where a firm or economy can produce more goods or services than currently produced, indicating under-utilization of resources.

Marginal Costs

The additional cost incurred by producing one more unit of a product, which can vary as production scales.

Diseconomies of Scale

A situation where an increase in production leads to higher average costs for firms, contrary to economies of scale.

ATC

Average Total Cost, the total cost divided by the quantity of output produced; it's a measure of per-unit production cost.