Homophobia Is Not a True Phobia

question 51

True/False

Homophobia is not a true phobia.

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Definitions:

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit of a good varies as production volume changes.

Diminishing Returns

A principle stating that as additional units of a variable input are added to a fixed input, the marginal product of the variable input eventually decreases.

Upward-Sloping

Describes a line or curve on a graph that moves higher on the y-axis as it moves to the right on the x-axis, typically used to describe a supply curve in economics.

Short-Run Average Total Cost Curve

A graphical representation that shows how the average total cost of production changes as the quantity produced changes in the short run.