The Advent of Bronze Metallurgy Created Advances In

question 73

Multiple Choice

The advent of bronze metallurgy created advances in:

• A) farming and religion
• B) warfare and farming
• C) religion and warfare
• D) hunting and religion

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Definitions:

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Average Fixed Cost

Production costs that stay unchanged with output levels, split by the amount of produced output.

Total Revenue

The cumulative revenue a business earns from its sales or service provisions in a given timeframe.

Total Cost

The aggregate cost of all inputs used in the production of goods or services, including fixed and variable costs.