The shape of the short-run average total cost curve is a result of

The additional costs you expect to incur if you undertake an activity and the additional benefits you expect to receive if you undertake an activity are called ________ costs and benefits

Fill in the blank(s) with correct word

Moving downward along a linear (straight-line) downward sloping demand curve, the

A) slope is constant. B) price is constant. C) quantity is constant. D) elasticity is constant. E) None of the above answers is correct.