What Happens If Some Resources Used in Production May Only

question 25

Multiple Choice

What happens if some resources used in production may only have limited quantities

• A)The firm's long-run supply curve may be upward sloping.
• B)The firm's short-run supply curve may be downward slopping.
• C)The firm's long-run supply curve may be horizontal.
• D)The firm's short-run supply curve may be horizontal.

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Definitions:

Small Intestine

A part of the gastrointestinal tract following the stomach and duodenum, where most of the end absorption of nutrients and minerals from food takes place.

Digestive System

The complex system of organs and glands responsible for the breakdown and absorption of food, extracting nutrients and eliminating waste.

Gallbladder

A small organ situated beneath the liver, responsible for storing and concentrating bile.

Duodenum

The first section of the small intestine in most higher vertebrates, where a significant part of digestion occurs.