If the Marginal Cost Curve Is U-Shaped

question 112

Multiple Choice

If the marginal cost curve is U-shaped

• A) there are no productivity gains from specialization,only diminishing marginal product.
• B) average fixed costs are continually decreasing.
• C) there are productivity gains from specialization before diminishing marginal product sets in.
• D) the average total cost curve is continually upward sloping.
• E) the average variable cost curve is a straight line.

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Definitions:

Mirror Neurons

Mirror neurons are neurons that fire both when performing an action and when observing the same action performed by another, playing a role in learning, imitation, and empathy.

Cerebral Asymmetry

The phenomenon where the two hemispheres of the brain have differing functions, sizes, or activities.

Sex Differences

Variations between males and females that can be biological or psychological, influencing physiology, behavior, and cognitive functions.

Cognition

Act or process of knowing or coming to know; in psychology, refers to thought processes; in behavioral neuroscience, refers to identification and planned response to stimuli.