Select the Most Appropriate Choice for Each Person

question 7

Multiple Choice

Select the most appropriate choice for each person.
-Aristotle

• A)a proponent of uniformitarianism
• B)developed the theory of catastrophism
• C)believed that giraffes have long necks because their short-necked ancestors stretched their necks and passed this change onto their offspring
• D)was a naturalist who sailed on the Beagle and studied finches
• E)wrote an essay relating population size to competition for limited resources
• F)natural historian and author; formed early ideas of the great chain of being

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Definitions:

Average Total Costs (ATC)

The per-unit total cost (including both fixed and variable costs) of producing a good or offering a service.

Manufacturing Firm

A company involved in the conversion of raw materials into finished goods through the use of equipment and processes.

Marginal Returns

The additional output that is produced by utilizing one more unit of a particular input, while holding all other inputs constant.

Short-Run Average Total Cost (ATC₂)

The total cost divided by the quantity produced in the short-run, where some inputs are fixed.