A Comma Cloud Is ____

question 59

Multiple Choice

A comma cloud is ____.

• A)an organized band of clouds that looks like a comma on a satellite photograph
• B)a large cumulonimbus cloud whose anvil is in the shape of a comma
• C)a high wispy cirrus cloud that takes on the shape of a comma
• D)the spiraling arms of a hurricane
• E)a band of high cirrus clouds blown by the jet stream

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Definitions:

Long-run Equilibrium

A state in which all factors of production and costs are variable, leading to a situation where economic profits have been normalized or eliminated due to competition.

Constant Costs

Costs that do not change with the level of output or activity within a certain range.

Short-run Supply Curve

A graphical representation showing the relation between the price of a product and the quantity of the product that a firm is willing and able to sell, given fixed resources.

MC Curve

A graph that shows the relationship between the marginal cost and the quantity of output produced, typically upward sloping.