Harley Davidson Motorcycle Riders,computer Programmers,and Jazz Musicians All Display _____

question 82

Multiple Choice

Harley Davidson motorcycle riders,computer programmers,and jazz musicians all display _____ patterns.

• A)high cultural
• B)popular cultural
• C)virtual cultural
• D)subcultural

---

Definitions:

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.

Opportunity Cost

The expense incurred by not choosing the second-best option available during the decision-making process.

Bank Loan

A sum of money borrowed from a bank that must be repaid with interest over a set period.

Diminishing Marginal Product

The principle that as the quantity of a factor of production increases, holding all other inputs constant, the additional output generated by one more unit of that factor will eventually decrease.