James Hutton and Charles Lyell Provided Which of the Following

question 32

Multiple Choice

James Hutton and Charles Lyell provided which of the following ideas that paved the way for Darwin's thinking?

• A) the surface features of Earth were formed by catastrophic events and the fossil record showed that species have evolved
• B) the surface features of Earth were formed by catastrophic events and those events are still occurring
• C) the surface features of Earth were formed gradually and the fossil record showed that species have evolved
• D) the surface features of Earth were formed slowly and gradually and the geological processes are still at work

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Definitions:

Diseconomies of Scale

Diseconomies of scale occur when a business expands to the point where the costs of managing and coordinating operations increase, leading to a rise in the average costs.

Economies of Scale

Cost advantages reaped by companies as a result of scale of operation, leading to a reduction in the per-unit cost of production.

Long-Run Average Cost Curve

A graphical representation that shows the lowest cost at which a firm can produce any given level of output in the long run, when all inputs are variable.

ATC

The abbreviation for Average Total Cost, which is the total cost divided by the number of goods produced.