Which of the Following Conditions Would Result in the Short

question 25

Multiple Choice

Which of the following conditions would result in the short run marginal cost curve not correctly reflecting the supply behavior of a profit maximizing firm?

• A)The firm is a price taker.
• B)Price exceeds average total cost.
• C)The elasticity of demand facing the firm is ?3.
• D)the firm can vary several inputs in the short run.

---

Definitions:

Neurotransmitters

Chemical messengers that transmit signals across synaptic gaps between neurons, influencing a variety of mental and physical functions.

Synaptic Cleft

The small gap between neurons, across which neurotransmitters move to transmit information.

Terminal Buttons

The small bulblike structures at the end of dendrites that release neurotransmitters and facilitate communication between neurons.

Cell Membrane

A biological membrane that separates the interior of all cells from the outside environment, controlling the movement of substances in and out of cells.