Consider a Firm in the Short Run

question 17

Multiple Choice

Consider a firm in the short run.If AP = MP and both are positive,then total product

• A)is at a maximum.
• B)is decreasing as extra units of the variable factor are employed.
• C)is increasing as extra units of the variable factor are employed.
• D)may be either increasing or decreasing as extra units of the variable factor are employed.
• E)is at its minimum.

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Definitions:

Haptic

Relating to or based on the sense of touch, particularly in reference to electronic devices that provide feedback through physical sensations or vibrations.

Proprioceptive Axons

Nerve fibers that convey information from the body to the brain regarding the position and motion of body parts.

Dorsal Spinothalamic Tract

A pathway in the spinal cord that transmits touch and proprioceptive information from the body to the thalamus in the brain.

Referred Pain

Pain that arises in one of the internal organs but is felt on the surface of the body.