While Riding on a Train, Paul Notices That the Trees

question 207

Multiple Choice

While riding on a train, Paul notices that the trees and telephone poles close to the tracks seem to flash by, while the buildings, trees, and mountains that are farther away seem to move by more slowly. This phenomenon is called __________.

• A) aerial perspective
• B) subliminal motion
• C) motion parallax
• D) motion differential

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Definitions:

AVC Curve

A graph representing the average variable cost of producing different quantities of output, typically U-shaped due to economies and diseconomies of scale.

Short-run Shut-down Price

The price level at which a firm's total revenue is equal to its variable costs, below which it should cease operations.

Short-run Supply Curve

Represents the relationship between the price of a good and the quantity supplied over a short period, during which at least one input is fixed.

Marginal Cost Curve

A graphical representation of the change in total cost that arises when the quantity produced changes by one unit.