Which of the Following Is Correct

question 70

Multiple Choice

Which of the following is correct?

• A) A firm's short-run average cost curve is derived from a series of long-run average cost curves.
• B) A firm's long-run average cost curve is derived from a series of short-run average cost curves.
• C) A firm's long-run total cost is the difference between its long-run fixed cost and long-run variable cost.
• D) Both answers A and C are correct.

---

Definitions:

Statistical Regression

A statistical technique used to determine the relationships between one dependent variable and one or more independent variables.

Liberal News Media

Media outlets perceived or characterized as promoting liberal, progressive viewpoints, often emphasizing social equality, environmental issues, and reform.

Moderately Liberal

Holding political or social views that are open to reform and progress, but not to an extreme level; supporting moderate changes within the framework of the existing system.

Primed In Memory

Refers to the process of activating particular representations or associations in memory just before carrying out an action or task.