Athens's Return to Economic Health Benefited from Which of the Following

question 22

Multiple Choice

Athens's return to economic health benefited from which of the following?

• A) The reconstruction of the Long Walls, which connected the city with the port and protected trading vessels and shipbuilding
• B) The resumption of intensive gold and platinum mining, which had stopped during the Peloponnesian War
• C) New Athenian citizenship laws that encouraged immigration, which was needed to replace the men lost in battle
• D) The collapse of the Spartan economy after the helots were freed in 371 B.C.E.

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Definitions:

Average Total Cost

The per-unit cost of production, calculated by dividing the total cost of production by the quantity of output produced.

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.

Short-run Marginal Cost Curve

A curve that shows the change in total cost associated with producing one more unit of output in the short term.

Diminishing Marginal Returns

A principle that states as additional units of a variable input are added to fixed inputs, the additional output produced from each new unit eventually decreases.