In the Long Run Which of the Following Is True

question 46

Multiple Choice

In the long run which of the following is true?

• A)Total cost = fixed cost + variable cost.
• B)The size of a firm's physical plant can be changed but the firm cannot adopt new technology.
• C)There are no fixed costs.
• D)The firm can vary its explicit costs but not its implicit costs.

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Definitions:

Lipid Levels

The concentrations of fats or fat-like substances in the blood, such as cholesterol and triglycerides, important for assessing cardiovascular risk.

Insulin Resistance

A condition in which the body's cells become less responsive to insulin, leading to higher blood sugar levels and often associated with type 2 diabetes.

Inflammatory Response

The body's defensive reaction to injury or infection, involving increased blood flow, white blood cell activation, and release of substances to combat pathogens.

Metabolic Syndrome

A cluster of conditions that occur together, increasing the risk of heart disease, stroke, and type 2 diabetes; these conditions include increased blood pressure, high blood sugar, excess body fat around the waist, and abnormal cholesterol levels.