Costs Increase with Output in an Increasing-Cost Industry Because

question 96

Multiple Choice

Costs increase with output in an increasing-cost industry because

• A) input prices increase as the industry competes for scarce resources.
• B) firms may be forced to use less productive inputs.
• C) the firms become monopolies.
• D) Both A and B are correct.

Recognize the impact of geography and environmental factors on the development and decline of ancient civilizations.

Learn about the historical figures and their roles in the advancements of their societies.

Realize the significance of cultural beliefs and worldviews in shaping ancient civilizations and their cities.

Understand the interplay between internal and external factors in cultural change and development.

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Definitions:

Sufficient

Adequate to meet the needs of a situation or a proposed end without needing more.

Sartre

Jean-Paul Sartre, a French existentialist philosopher, playwright, novelist, and political activist known for his explorations of freedom and existentialism.

Extreme Circumstances

Situations that are highly unusual or exceptional, often involving severe stress or urgency.

Negatively Free

A condition where freedom is defined by the absence of external constraints or limitations on one's actions, as opposed to being enabled to pursue certain goals (positive freedom).