The Marginal Cost Curve Is U-Shaped

question 262

Multiple Choice

The marginal cost curve is U-shaped.Over the range of output for which the marginal cost is falling as output increases,the marginal product is

• A) increasing.
• B) decreasing.
• C) constant.
• D) probably changing, but there is no stable relationship between the marginal cost and the marginal product.
• E) not defined.

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Definitions:

Ritual Sacrifices

Religious or ceremonial acts involving the offering of gifts or the killing of animals or humans to a deity or higher power, intended as a form of worship, appeasement, or thanksgiving.

Aztecs

A Mesoamerican culture that flourished in central Mexico in the post-classic period from 1300 to 1521, known for their complex society, architecture, and contributions to mathematics and astronomy.

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The act of carrying out a death sentence in front of a public audience, historically used as a method of punishment and deterrence.

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The capital of the state of New Mexico, known for its Pueblo-style architecture and as a creative arts hotbed.