At a particular output level, if a firm's long-run marginal cost is $5 and its long-run average cost is $7, the firm is likely to be experiencing ________.
A) economies of scale
B) constant returns to scale
C) diseconomies of scale
D) sunk costs
A) economies of scale
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Dendrochronology is a technique that makes use of __________
A. radioactive decay B. changes in fauna over time C. the law of supraposition D. variation in the growth rings of trees
What is the globalization of production?
What will be an ideal response?
V. C Wynne-Edwards is known as the scientist responsible for the concept of
A) reciprocal altruism B) inclusive fitness C) group selection D) biomes E) altruism as linked to the survival of kin
Unlike the pattern in the Old World, plant domestication in the New World
A. involved no food plants, but instead was used to increase the production of utilitarian plants such as bottle gourds and hemp. B. occurred before the rise of the first sedentary communities. C. was apparently not necessary for the development of states such as Teotihuacán. D. was begun but then abandoned before there was a chance for societies to develop into states. E. occurred after the rise of the first sedentary communities.