Where Does the Archaeological Process Usually Begin

question 19

Multiple Choice

Where does the archaeological process usually begin?

• A) with the discovery of a significant monument
• B) with artifacts in a museum collection
• C) with a set of questions an archaeologist wants to answer
• D) with a designated spot for excavation

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Definitions:

Productive Efficiency

A situation where an economy or entity is operating in such a way that it cannot produce more of one good without decreasing the production of another good.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing surplus value created by a firm.

Excess Capacity

A situation where a firm or industry has more production resources available than is necessary to produce the current level of output, often indicating inefficiency.

Minimum ATC

Minimum ATC, or minimum average total cost, is the lowest point on the average total cost curve, representing the most efficient scale of production for a firm.