In Figure 5

question 10

Multiple Choice

In Figure 5.8, if the supply curve moves from S2 to S4

• A)The firm will make a smaller economic profit than they used to
• B)The firm will go from making an economic profit to a normal profit
• C)The firm will go from making an economic profit to a loss but one that is not big enough to make it want to shutdown.
• D)The firm will go from making an economic profit to a loss that is big enough to make it want to shutdown.

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Definitions:

Accurately

Refers to the quality of being correct and precise in all details.

Jigsaw Technique

A cooperative learning strategy designed to reduce racial conflict among school children, promote better learning, and increase positive educational outcomes by encouraging students to work together to solve puzzles.

Bystander Apathy

The phenomenon where individuals are less likely to offer help to a victim when other people are present.

Prejudice

Preconceived opinion not based on reason or actual experience; bias against a person or group.