A Long-Run Total Cost Curve

question 42

Multiple Choice

A long-run total cost curve:

• A)must be equal to zero when the level of output is zero.
• B)may be greater than or equal to zero when the level of output is zero.
• C)must be decreasing when the level of output is zero.
• D)will be equal to fixed cost, which is greater than zero, when the level of output is zero.

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Definitions:

Stop Codon

A nucleotide triplet within mRNA that signals the termination of protein synthesis during translation.

Protein Synthesis

The biological process by which cells generate new proteins, translating genetic information from RNA into the amino acid sequence of proteins.

Initiation

The beginning or start of a process, event, or activity.

Elongation

Elongation in biology refers to the lengthening of structures or molecules, such as the growth of plant roots or the process during protein synthesis where the polypeptide chain is extended.