Figure 7-13 -AC Is Lower in the Long Run Than in the Than

question 144

Multiple Choice

Figure 7-13
-AC is lower in the long run than in the short run because

• A)prices often fall, allowing savings on purchases.
• B)inputs can be combined more efficiently in the long run.
• C)over time the prices of all inputs tend to decrease.
• D)AFC falls with output over all ranges of output.

---

Definitions:

Perceptual Cue

Environmental signals or objects that are used to guide perception or understanding of a particular situation or setting.

Size Constancy

The tendency to perceive an object as being the same size even as the size of its retinal image changes according to the object’s distance.

Texture Gradient

A monocular cue for depth based on the perception that closer objects appear to have rougher (more detailed) surfaces.

Monocular Cues

Stimuli suggestive of depth that can be perceived with only one eye.