A Decreasing-Cost Industry Is One in Which

question 82

Multiple Choice

A decreasing-cost industry is one in which

• A)contraction of the industry will decrease unit costs.
• B)input prices fall or technology improves as the industry expands.
• C)the long-run supply curve is perfectly elastic.
• D)the long-run supply curve is upsloping.

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Definitions:

Neuron

A cell in the nervous system that transmits information through electrical and chemical signals.

Neuronal Networks

Complex circuits of neurons that work together to process information or perform specific tasks in the brain and nervous system.

Myelin

A fatty substance that surrounds and insulates the axons of some neurons, facilitating the rapid transmission of electrical signals.

Growth Charts

Charts that show average values of height, weight, and other measures of growth, based on large samples of normally developing infants; the charts are used to evaluate an infant’s development.