Consider an Output Beyond the Minimum Point of a Firm's

question 161

Multiple Choice

Consider an output beyond the minimum point of a firm's short run average total cost curve. At this level of output the firm can use its ________ input at a lower average cost but only by using its ________ input at a higher average cost.

• A) fixed capital; variable labor
• B) variable labor; fixed capital
• C) variable capital; fixed labor
• D) fixed labor; variable capital

---

Definitions:

Cesarean Section

A surgical procedure used to deliver a baby through incisions in the abdomen and uterus, often used when vaginal delivery would pose a risk to the mother or baby.

Precipitous Labor

Labor that progresses very quickly, often resulting in childbirth in less than three hours from the onset of contractions.

Contractions

The tightening and shortening of muscles, often referring to those of the uterus during labor.

Fetal Presentation

The position a fetus is in, in relation to the birth canal, during delivery. Common presentations include cephalic (head first), breech (feet or buttocks first), and shoulder.