Select the Correct Form of Each Present Tense Verb

question 36

Multiple Choice

Select the correct form of each present tense verb. The billboards on this road (spoils, spoil) the view.

• A) spoils
• B) spoil

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Definitions:

Average Total Cost

The total cost divided by the quantity produced, indicating the cost to produce each unit of output.

Resource Prices

The cost associated with acquiring resources necessary for production, including raw materials, labor, and capital.

Increasing-Cost Industry

An industry where production costs begin to rise as the industry's output expands, often due to resource limitations or increased prices of inputs.

Minimum Long-Run ATC

The lowest point on the Average Total Cost curve when a firm operates in an efficient scale over the long term.