In the Long Run,all Costs Are

question 88

Multiple Choice

In the long run,all costs are

• A) fixed costs.
• B) variable costs.
• C) average costs.
• D) sunk costs.
• E) market opportunity costs.

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Definitions:

Lobe-Finned Fish

Jawed fish with fins supported by internal bones; for example, a coelacanth or lungfish.

Homo Habilis

An extinct species of early human that lived approximately 2.1 to 1.5 million years ago, recognized for its use of stone tools.

Stone Tools

Prehistoric tools made from stone by early humans for cutting, scraping, and other activities.

Bipedal

The ability to walk on two legs, a key characteristic that differentiates humans and some other species from most animals.