Concerning Relative Ages of the Shale and Sandstone,____________

question 13

Multiple Choice

Concerning relative ages of the shale and sandstone,____________.

• A) the shale must be older, according to the principle of superposition
• B) the sandstone must be older, according to the principle of superposition
• C) the shale must be older, according to the principle of components
• D) their relative ages cannot be determined from the information given

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Definitions:

Long-Run Average Total Cost Curve

A graphical representation showing the relationship between output and average total cost when fixed cost has been chosen to minimize average total cost for each level of output.

Minimum

The lowest allowable or possible amount, level, or point.

Marginal Cost

The amount needed to generate one more unit of a good or service.

Average Total Cost

The overall expense of manufacturing, when dispersed across the number of products made, encompassing both constant and fluctuating expenses.