Which Was the First Hominin to Take Advantage of the Controlled

question 35

Multiple Choice

Which was the first hominin to take advantage of the controlled usage of fire?

• A) Homo sapiens
• B) Australopithecus afarensis
• C) Homo erectus
• D) Homo habilis

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Definitions:

Competitive Firm

A company that operates in a market where prices are determined through competition amongst businesses.

Firm's Profit

The financial gain a company achieves when its total revenues exceed the total costs incurred in conducting its business activities.

Efficient Scale

The level of production at which the average total costs of production are minimized.

Long-Run Equilibrium

A state in which economic forces such as supply and demand are balanced, and in the context of production, all inputs, including prices and wages, can be adjusted.