If the marginal benefit curve is linear and downward sloping and the marginal cost curve is linear and upward sloping, a decrease in the marginal cost that causes a downward shift of the curve will ________ the profit-maximizing number of units undertaken.
A) increase
B) reduce by exactly half
C) decrease
D) not change
A) increase
You might also like to view...
Which of the following is the most stigmatized variant of American English?
A) Appalachian English B) AAVE C) Gullah D) Hawaiian Creole E) Hispanic English
The psychological and often physiological symptoms that one develops in response to being in an unfamiliar environment, eating strange foods, without anyone with whom to share one’s feelings of anxiety, is termed
a. fieldwork trauma. b. culture shock. c. psychosomatic response. d. participant disorientation.
Which of the following is NOT an important difference between patrilineal and matrilineal societies?
a. Among matrilineal descent groups male authority is weak while it is strong in patrilineal descent groups. b. Members of a lineage are linked directly by birth in patrilineal systems while in matrilineal systems they are not. c. Among matrilineal descent groups marital bonds are weak while they are strong in patrilineal descent groups. d. In patrilineal systems women tend to leave their own kin group after marriage while in matrilineal systems men tend to live with their wife's kin.
The "New Archaeology" of the 1960s:
a. Was actually not new at all; it marked a continuation of the same way archaeology had been practiced for many decades, and provides only an arbitrary temporal division in the history of Americanist archaeology. b. Was an approach that emphasized the understanding of underlying cultural processes and the use of the scientific method. c. Is now not called processual archaeology. d. has no relevance to modern problems. e. lavishes much attention on artifacts as passive traits that relate to one another.