While auditioning for a play, theodore insists that he will audition either first or last. he believes that there are greater chances of him making a lasting impression if he is either first or last. in this scenario, theodore is adhering to the

The answer is serious position effect. In the given situation, Theodore insisted to be the first or the last performer, because he believes that if ever he is the first performer or the last one, he may leave an impression towards the judges that may give him better chances of being accepted in the audition, that is what serial position effect is, when a person percepts that position may affect a person’s overall impact towards another individual or group of individuals.

the atm that sounds like it should be the answer

marginal cost is a microeconomic measure that us to evaluate the extent to which the level of production of a good is sustainable in accounting, that is, to how many quantities the company plans to profit from the production of the good.

the concept of marginal cost is simple, it means the cost of producing one more item. for example, in the case of pies, the marginal cost is the cost of producing one more pie than those that have already been produced.

it is important to understand that productive activity influences marginal cost. the marginal cost of some goods can be very high, while others may be insignificant. for example, the marginal cost of producing an extra plane is very high. already the marginal cost of a water company to provide 1l more water is derisory.

in the case of pies, the cost involves the inputs, the labor and the fixed cost, which involves the fixed space of the bakery. the level of production initially has the marginal cost decreasing because there is space and manpower available. however, to produce more you have to hire more workers and buy more inputs. if physical space is limited, workers will conflict with places, inputs and their productivity will decrease, meaning there is an optimum point of production for each level of space and manpower. from this point on, the productivity of the workers will be getting smaller because of lack of space, so that the marginal cost of producing one more pie will be increasing. so, although you have not posted the chart, but if you have the answer, you can see that my explanation goes according to the marginal cost curve that will increase from the 4th pie, answer (c).