Answer: C. The ATC curve eventually slopes upward because average variable cost eventually increases
Explanation:
The Law of Diminishing Marginal Returns causes the Average Total Cost curve to eventually slope upwards because the Average Variable Cost will increase.
Why?
At first, with production increasing, a firm will be very efficient at producing a certain good thereby driving the cost down per unit. As time goes on however, the law of Diminishing Marginal Returns comes into play as more is invested into the business. The cost per unit will therefore rise which will lead to the ATC curve going upwards.
I have included a simple graph to illustrate.
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To promote economic growth, countries would most likely act so that inflation : Remain at low level.
High inflation could potentially rise the average prices of the products within the country. In order to grow, people have to able to sustain a strong financial condition, so a condition where average prices is low is far more favourable.
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Phineas Gage lacked self-control due to his accident, which interfered with his ability to keep a job and live independently.
<h3>What is an Accident?</h3>
This refers to the unforeseen incident that leads to an injury or damage, or in extreme cases, loss of life.
Hence, we can see that Phineas Gage lacked self-control due to his accident, which interfered with his ability to keep a job and live independently.
With this in mind, the effect of the accident affected Phineas Gage in more ways than one as he was unable to hold down a job and was still living with others.
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In the next four decades, Asia, Africa, Latin America and the Caribbean are the areas are projected to account for the highest levels of population growth.
Population growth is the increase in the number of people within a population or dispersed group. The world population is growing at about 83 million people per year, or 1.1% per year. The world population has grown from 1 billion in 1800 to 7.9 billion in 2020.
Population growth is the increase in population on earth. For most of human history, population size has remained relatively stable. However, technological innovation and industrialization have increased the availability and reliability of energy, food, water, and medical supplies.
The annual increase in northern YNP bison populations from 1902 to 1915 can be described as exponential.
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