Due to the Addition of Folic Acid to Grain Products,the

question 50

True/False

Due to the addition of folic acid to grain products,the prevalence of neural tube defects has been reduced substantially.

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Definitions:

Long-Run Average Total Cost

The average cost per unit of output in the long term when all inputs can be varied by the firm and economies of scale have been reached.

Output

The total amount of goods or services produced by a company, industry, or economy within a given period.

Returns to Scale

The rate at which output increases in response to a proportional increase in all inputs (factors of production).

Long-Run Average Total Cost Curve

A graphical representation showing the lowest possible average cost of production, allowing all factors of production to vary in order to minimize cost.