A Teacher Grades on a Curve, It Will Increase Theincentive

question 232

Multiple Choice

a teacher grades on a curve, it will increase theincentive to study when:

• A)ability risk equals environment risk.
• B)ability risk is high.
• C)environment risks are low.
• D)environment risks are high.

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Definitions:

Long-Run Average Total Cost Curve

A graphical representation showing how the average total cost of production varies with output level in the long run, when all inputs are variable.

Short Run

A period in economics during which at least one factor of production is fixed, limiting the ability to fully adjust to new market conditions.

Long Run

The time period in economics during which all inputs or factors of production can be adjusted or changed, contrary to the short run where some inputs are fixed.

Long-Run Average Total Cost Curve

A graphical representation illustrating the per unit cost of producing a good or service in the long run, when all inputs are variable.