What Is the Shape of the Long-Run Supply Curve in an Increasing-Cost

question 324

Multiple Choice

What is the shape of the long-run supply curve in an increasing-cost industry?

• A) horizontal
• B) inverted U-shape
• C) downward sloping
• D) upward sloping

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Definitions:

Snellen Test

A visual acuity test using a chart with letters of varying sizes to determine how well a person can see at a distance.

Cutaneous Receptor

A type of sensory receptor found in the dermis or epidermis of the skin that responds to tactile stimuli.

Ruffini Ending

A type of nerve ending found in the skin that detects stretching, deformations within joints, and warmth.

Merkel Cell

A type of skin cell that functions as a mechanoreceptor, contributing to the sense of touch by detecting pressure and texture.