The Shape of the Long-Run Average Cost Curve Reflects _____

question 122

Multiple Choice

The shape of the long-run average cost curve reflects _____.​

• A)market demand
• B)economies and diseconomies of scale​
• C)increasing and diminishing marginal returns​
• D)productivity of fixed inputs​
• E)the law of diminishing returns​

---

Definitions:

Frontal Lobes

The regions of the brain located behind the forehead that are responsible for voluntary movement, language, planning, and problem-solving.

Cerebral Cortex

The outer layer of the cerebrum in the brain, involved in high-level functions such as sensory perception, cognition, and generating motor commands.

Frontal Lobes

Sections of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Somatosensory Cortex

A region of the brain responsible for processing sensory information from various parts of the body, relating to touch, temperature, and pain.