When the long-run marginal cost is less than the long-run average cost, the long-run average cost slopes ________ and when the long-run marginal cost is greater than the long-run average cost, the long-run average cost slopes ________.
A) upward; downward
B) upward; upward
C) downward; downward
D) downward; upward
D) downward; upward
You might also like to view...
Discuss two cases in which religion has played an important role in social change.
What will be an ideal response?
Gender stratification
A. allows women to become more powerful as they contribute less to the domestic sphere. B. is generally reduced when the domestic and public spheres are not sharply separated. C. allows women to become more powerful as they contribute more to the domestic sphere. D. is less pronounced among agriculturalists. E. includes societies where women control all the strategic resources.
Essentialism refers to the process of viewing an identity as established, real, and frozen, so as to hide the historical processes and politics within which that identity developed.
Answer the following statement true (T) or false (F)
The significance of the child's skeleton from Lagar Velho, Portugal, is that it:
a. is over 100,000 years old. b. shows Neandertal and modern human features. c. clearly represents an intentional burial. d. is associated with a variety of animal bones.