According to Pinker and Bloom,how Many Generations Would It Have

question 211

Multiple Choice

According to Pinker and Bloom,how many generations would it have taken for Neanderthals to become extinct if the acquisition of language produced a 1 percent difference in mortality rates among overlapping Neanderthal and human populations

• A) 10 generations 
• B) 30 generations 
• C) 4,000 generations 
• D) 30,000 generations

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Definitions:

Long-Run Profits

Earnings that a firm expects to generate over an extended period, taking into account all variable and fixed costs.

Excess Capacity

The situation where a firm produces less than its total output capacity, often due to lack of demand.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and price setting.

Long-Run Equilibrium

A state in which all inputs can be adjusted by firms, market supply equals demand, and there is no incentive for economic actors to alter their behavior.