After an Increase in Demand in a Constant-Cost Industry,the Long-Run

question 179

True/False

After an increase in demand in a constant-cost industry,the long-run average cost curves of firms shift upward.

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Definitions:

Chorionic Villus Sampling

Chorionic villus sampling is a prenatal test that involves taking a sample of cells from the placenta to test for chromosomal abnormalities and certain genetic problems.

Karyotype

A complete picture of an individual's chromosomes, arranged in pairs and ordered by size, used to identify chromosomal abnormalities.

Neuroticism

A personality trait characterized by a tendency towards anxiety, depression, and other negative emotions.

Big Five

A model outlining five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.