The Following Sentences Form a Paragraph

question 67

Multiple Choice

The following sentences form a paragraph. Select the correct word or phrase for each blank to ensure consistent person and parallelism.
-People who cannot speak can talk to others. People can operate a computer even if ________ fingers cannot type.

• A) your
• B) their

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Definitions:

Long-run Total Costs

The total costs incurred by a firm when all inputs are variable and can be adjusted.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Long-run Average Total Cost

The average cost per unit of output when all inputs, including capital, are variable, analyzed over a period when all factors of production can be adjusted.

Economies of Scale

The cost advantage that arises with increased output of a product, resulting in a decrease in the per-unit cost as the scale of production is enlarged.