The Long-Run Industry Supply Curve Will Be Upward-Sloping If

question 77

Multiple Choice

The long-run industry supply curve will be upward-sloping if:

• A) input prices are fixed no matter what the level of output.
• B) output prices are fixed no matter what the level of output.
• C) input prices increase with the level of output.
• D) there are no economies or diseconomies of scale.

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Definitions:

Musculoskeletal

Referring to the system of muscles and skeletons in the body and its related disorders.

Nephrology

The branch of medicine that deals with the functions and diseases related to the kidneys.

Colonoscopy

A medical procedure that uses a long, flexible camera to view the interior lining of the colon and rectum for diagnosis or treatment.

Gastrologist

Incorrect term for a medical specialist; the correct term is Gastroenterologist, who specializes in diagnosing and treating digestive system disorders.