JRRTolkien's Novel the Hobbit Was First Published After Which of the Following

question 36

Multiple Choice

J.R.R.Tolkien's novel The Hobbit was first published after which of the following occurred?

• A)His publisher's 10-year-old son said he liked it.
• B)The first three chapters were distributed over the Internet.
• C)Fifty-five publishers rejected it.
• D)He cut it in length by 75,000 words.

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Definitions:

Break-Even Point

The financial point where total costs and total revenues are exactly equal, meaning there is no profit or loss.

Short Run

In economics, a timeframe during which the production process has limitations due to fixed resources, leading to constraints on firm adjustments and outputs.

Long Run

The long run is a period in economics during which all factors of production and outputs are variable and can be adjusted, contrary to the fixed factors present in the short run.

Marginal Cost Curve

A visual display illustrating the variation in the expense of manufacturing an extra item of a product as the quantity produced alters.