Which of the Following Statements Is True

question 42

Multiple Choice

Which of the following statements is true?

• A) Competitive firms will respond less to changes in output prices over the long run than they will over the short run because short-run marginal cost is lower than long-run marginal cost.
• B) Competitive firms will respond more to changes in output prices over the long run than they will over the short run because long-run marginal cost is lower than short-run marginal cost.
• C) Competitive firms will respond less to changes in output prices over the long run than they will over the short run because long-run marginal cost is lower than short-run marginal cost.
• D) Competitive firms will respond more to changes in output prices over the long run than they will over the short run because short-run marginal cost is lower than long-run marginal cost.

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Definitions:

Right-Sided Hemiplegia

Partial or total paralysis of one side of the body, specifically the right side, often resulting from a stroke or brain injury.

Rehabilitation Services

Rehabilitation services are healthcare services aimed at helping individuals regain, improve, or maintain their physical or cognitive functioning after injury or illness.

Respite Center

A facility or service that provides temporary relief for caregivers by taking care of their loved ones, often used in the context of chronic illness or disability.

Restorative Care Center

A facility focused on rehabilitation and recovery, aiming to restore a patient's health and functioning.