As a Firm Expands Output, in the Short Run Marginal

question 88

Multiple Choice

As a firm expands output, in the short run marginal costs will

• A) always decline as output expands.
• B) increase at first but eventually level off and decline.
• C) eventually increase as the firm experiences diminishing returns to the fixed factors of production.
• D) initially increase at a decreasing rate but eventually increase at an increasing rate.

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Definitions:

Cerebral Aqueduct

A narrow channel located in the midbrain that connects the third and fourth ventricles of the brain, allowing the flow of cerebrospinal fluid.

Cerebral Peduncles

Structures located at the base of the brain, containing nerve tracts that connect the cerebrum with the brainstem, cerebellum, and spinal cord.

Optic Chiasma

The Optic Chiasma is the X-shaped structure formed at the point where the optic nerves cross over each other, located at the base of the brain.

Optic Nerves

The pair of cranial nerves transmitting visual information from the retina to the brain.