The Period from 1500 to 1200 BC Was Characterized by

question 67

Multiple Choice

The period from 1500 to 1200 BC was characterized by

• A)Absence of imperial ambition
• B)Plagues and famines
• C)Warfare and new states
• D)The middle kingdom of Egypt
• E)The continuing dominance of the Hyksos

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Definitions:

Average Total Costs (ATC)

The per-unit total cost (including both fixed and variable costs) of producing a good or offering a service.

Manufacturing Firm

A company involved in the conversion of raw materials into finished goods through the use of equipment and processes.

Marginal Returns

The additional output that is produced by utilizing one more unit of a particular input, while holding all other inputs constant.

Short-Run Average Total Cost (ATC₂)

The total cost divided by the quantity produced in the short-run, where some inputs are fixed.