The Shape of Short-Run Variable Cost Curve Is Determined by

question 201

Multiple Choice

The shape of short-run variable cost curve is determined by

• A)the firm's effort to minimize cost
• B)the firm's effort to maximize profit
• C)competition in the industry
• D)the marginal productivity of the variable inputs the firm uses
• E)the money the firm spends

---

Definitions:

Foreign Key

A field in a database table that creates a link between two tables, identifying a row in another table to establish a relationship.

Primary Key

A unique identifier for each record in a database, used to ensure that each row represents a unique instance of the entity modeled by the table.

Secondary Key

A database attribute used for sorting and/or indexing data, which is not the primary key.

Relational Database Model

Data model based on the simple concept of tables in order to capitalize on characteristics of rows and columns of data.