Which of the Following Statements Correctly Describes the First Use

question 35

Multiple Choice

Which of the following statements correctly describes the first use of tools?

• A) It was by australopithecine ancestors of humans.
• B) It probably precedes the divergence of humans and apes.
• C) It occurred after the evolution of bipedalism.
• D) It involved distinctly human abilities.

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Definitions:

Long-run Equilibrium Price

The price level at which the quantity supplied equals the quantity demanded, achieved over a period where all inputs can be varied by producers.

Increase in Demand

A situation where there is a rise in consumers' desire to purchase goods or services, leading to higher quantity demanded at every price level.

Constant Costs

Occur when the cost of producing an additional unit of a good does not change as the scale of production increases or decreases.

Inferior Good

A type of good for which demand decreases as the consumer's income rises, reversing the typical behavior observed with normal goods.