Which of the Following Is Not a Property of a Firm's

question 514

Multiple Choice

Which of the following is not a property of a firm's cost curves?

• A)Marginal cost must eventually rise as a result of diminishing marginal product.
• B)Average total cost is U-shaped.
• C)Economies of scale will exist when average total cost falls as output rises.
• D)Average total cost will cross marginal cost at the minimum of marginal cost.

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Definitions:

Fluid Intelligence

The ability to think abstractly, reason, identify patterns, and solve novel problems.

Crystallized Intelligence

The ability to use learned knowledge and experience, often increasing with age, in contrast to fluid intelligence.

Triarchic Theory

Robert Sternberg's theory of intelligence, which includes analytical, creative, and practical components.

Sternberg's Factors

Components of intelligence according to Robert Sternberg, typically including analytical, creative, and practical aspects.