Which of the Following Is True for a Relation

question 67

Multiple Choice

Which of the following is true for a relation?

• A)Entities in a column vary as to kind.
• B)The order of the columns is important.
• C)The order of the rows is unimportant.
• D)More than one column can use the same name.

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Definitions:

Long-Run Curve

The graphical representation in economics of the relationship between output and input when all inputs are variable, showing potential economies of scale.

Marginal-Cost Curve

A graph that displays the cost of producing one additional unit of a good or service.

Average-Total-Cost Curve

A graph that displays the mean total cost of manufacturing across various output quantities, generally characterized by a U-shape because of the effects of economies and diseconomies of scale.

Long-Run Time Period

A duration in economics where all factors of production and costs are variable, allowing for complete adjustment.