THE SHAPE OF THE LONG-RUN AVERAGE COST CURVE IS BEST EXPLAINED BY THE
A. law of diminishing returns B. law of returns to scale ✓ C. cost of fixed inputs D. cost of variable inputs The answer to the question is: B. law of returns to scale The shape of the long-run average cost (LRAC) curve is…
CLASSIFICATION OF SETTLEMENT ACCORDING TO PATTERN OR SHAPE
The pattern or shape of settlement refers to the arrangement of buildings in a settlement. The main patterns of settlements include: Dispersed (scattered) settlement. Linear settlement. Nucleated or Dense settlement. Isolated settlement. DISPERSED (SCATTERED) SETTLEMENT The buildings are scattered…
FACTS ABOUT THE SHAPE AND SIZE OF THE EARTH
Earth, the third planet from the sun, is the fifth largest planet in the solar system. Earth is the largest of the terrestrial planets of the inner solar system, bigger than Mercury, Venus and Mars. Earth, with an average distance…