Indicate Whether the Statement Is a Simple or a Compound $\leftrightarrow$

question 178

Multiple Choice

Indicate whether the statement is a simple or a compound statement. If it is a compound statement, indicate whether it is a negation, conjunction, disjunction, conditional, or biconditional by using both the word and its appropriate symbol.
-It is false that whales are fish and bats are birds.

• A) Compound; biconditional; \(\leftrightarrow\)
• B) Compound; disjunction; \(\vee\)
• C) Compound; negation;\(\sim\)
• D) Compound; conjunction; \(\wedge\)

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Definitions:

Profit-Maximizing

The process by which a firm adjusts its production and sale to achieve the highest possible profit.

Short-Run

A period during which at least one input in the production process is fixed, affecting the firm's ability to adjust to changes in demand.

Average Total Costs

dividing the total production costs by the quantity of produced units gives the cost for each unit.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a business to fully adjust to changes in market conditions.