The Short-Run Industry Supply Curve Slopes Up Because

question 266

Multiple Choice

The short-run industry supply curve slopes up because

• A) the firms eventually experience diseconomies of scale.
• B) the law of diminishing marginal product applies in the short run.
• C) wages increase as the industry increases output.
• D) the higher price is needed to get more firms to enter the industry.

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Definitions:

Acid

A substance that donates hydrogen ions or protons and accepts electrons, often associated with a sour taste and capable of turning blue litmus paper red.

Prions

Infectious agents composed of protein in a misfolded form, which can cause neurodegenerative diseases.

Neurodegenerative Diseases

Disorders characterized by the progressive loss of structure or function of neurons, including diseases like Alzheimer's, Parkinson's, and ALS.

Amino Acid Sequence

The order in which amino acids are linked together to form a protein, determining the protein's structure and function.