If the Price of Avocados, an Input to Ready- Made

question 40

Multiple Choice

If the price of avocados, an input to ready- made guacamole, decreases, this will cause the short- run average total cost curves to shift _______and the long- run average cost curve to shift_______

• A)upward; upward
• B)upward; downward
• C)downward; upward
• D)downward; downward

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Definitions:

Concrete Operational

A stage of cognitive development in children described by Piaget, characterized by the ability to think logically about concrete objects and situations.

Infantile Amnesia

The inability of adults to recall memories from early childhood, typically before the age of three or four.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others and to understand that others have beliefs, desires, and intentions that are different from one's own.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed in early infancy.