Long-Run Average Cost of the Perfectly Competitive Firm Includes the

question 63

Multiple Choice

Long-run average cost of the perfectly competitive firm includes the

• A)cost of raw materials per unit of output.
• B)opportunity cost of labor per unit of output.
• C)opportunity cost of capital per unit of output.
• D)All of the above are correct.

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Definitions:

Civil Rights Act Of 1964

A landmark piece of federal legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.

Antimiscegenation Laws

Historical laws that prohibited marriage or cohabitation between persons of different races, often aimed at maintaining racial purity.

Montgomery Bus Boycott

A significant event in the American civil rights movement where African Americans in Montgomery, Alabama, boycotted the city's bus system to protest segregated seating.