The Two Commodities That Enabled the Maya to Develop Trade

question 30

Multiple Choice

The two commodities that enabled the Maya to develop trade relations with other civilizations in its region were

• A) cotton and silver.
• B) yams and manioc.
• C) obsidian and cacao trees.
• D) gold and silver.
• E) manioc and turpentine.

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Definitions:

Per-Unit Cost

The cost associated with producing one unit of a product, calculated by dividing total production costs by the number of units produced.

Diseconomies of Scale

The situation where a company or business grows so large that the costs per unit increase, typically due to inefficiencies.

Economies of Scale

Economies of scale describe the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Average Cost

The total cost of production divided by the quantity of output, representing the cost per unit of output.