Which One of the Following Factors Is Not an Explanation

question 229

Multiple Choice

Which one of the following factors is not an explanation of the positive relationship between market price and quantity supplied?

• A) The law of diminishing returns makes it more costly for firms to expand output quickly.
• B) As price increases, some less efficient firms will enter the market.
• C) For most firms, unit costs decrease as output increases in the long run.
• D) As all firms in an industry hire more factors of production, the prices paid for them often increase.

Discuss the environmental conditions that influenced early primate evolution and the advantages these conditions provided.

Explain the hypothesis and theories related to the out-of-Africa model and the recent African origins hypothesis.

Examine the biological and cultural characteristics that define anatomically modern humans.

Distinguish between different scientific theories and debates surrounding human evolution, including the lumpers vs. splitters debate and the modern human origins debate.

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Definitions:

Maximum Rent

The highest price that can be charged for a property or piece of land, often regulated by law in rent-controlled areas to protect tenants from excessive rent increases.

Price Elastic

refers to the responsiveness of the quantity demanded of a good or service to a change in its price.

Per-Unit Tax

A tax imposed on a product based on the number of units purchased, not the value of the purchase.

Buyers

Individuals or entities that exchange money for goods and services.