Both the Aztec and Inca Empires Were

question 53

Multiple Choice

Both the Aztec and Inca empires were:

• A) rural and poor.
• B) small in population but sophisticated in infrastructure.
• C) large,wealthy,and sophisticated.
• D) large in geographic size but sparsely populated.
• E) rural,with few impressive buildings.

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Definitions:

Variable Resource

An input or factor of production whose quantity can be changed easily by a firm as its output level changes.

Total Variable Costs

The costs that vary directly with the level of production or output.

Total Fixed Costs

The sum of all consistent, non-variable expenses a business incurs, such as rent, salaries, and insurance, regardless of production level.

Total Costs

Total costs are the sum of all expenses incurred in the production of goods or services, encompassing both fixed and variable costs.