Which of the Following Is True If Marginal Costs Increase

question 80

Multiple Choice

Which of the following is true if marginal costs increase at a slow rate as output increases?

• A)The short-run aggregate supply curve is relatively steep.
• B)The short-run aggregate supply curve becomes vertical.
• C)The short-run aggregate supply curve is relatively flat.
• D)The long-run aggregate supply curve becomes horizontal.
• E)The long-run aggregate supply curve becomes downward sloping.

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Definitions:

Urban Area

A geographic area with a high population density and infrastructure of built environment, characterized by human structures such as roads, bridges, buildings, and other urban features.

Total Fertility Rate

measures the average number of children a woman would have over her lifetime, based on current birth rates, which is a key indicator of population growth potential.

Rural Areas

Regions characterized by low population density, agricultural or natural landscapes, and often a lack of large-scale infrastructure.

Noise Pollution

Unwanted or harmful outdoor sound that is produced by industrial or human activities, affecting the health and well-being of humans and wildlife.