Which of the Following Is True If Marginal Costs Increase

question 80

Multiple Choice

Which of the following is true if marginal costs increase at a slow rate as output increases?

• A)The short-run aggregate supply curve is relatively steep.
• B)The short-run aggregate supply curve becomes vertical.
• C)The short-run aggregate supply curve is relatively flat.
• D)The long-run aggregate supply curve becomes horizontal.
• E)The long-run aggregate supply curve becomes downward sloping.

Understand the distinctions and functionalities of various presentation views and features.

Understand the purpose and impact of different slide transitions in a presentation.

Know how to adjust the attributes of various presentation elements (shapes, text, videos).

Recognize the capability to modify or undo changes made in the presentation for refinement.

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Definitions:

Highly Skilled

Refers to workers who have obtained a high level of training, expertise, or experience in their respective fields.

Optimal Quantity

Optimal quantity is the amount of a good or service that maximizes a firm's profits or an individual's utility, considering costs and benefits.

Weaker Economy

An economy characterized by slower growth, lower productivity, and potentially higher unemployment rates compared to a stronger economy.

Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment.