As a Result of Legislation to Establish a Floor Price

question 138

Multiple Choice

As a result of legislation to establish a floor price for milk, most dairy farmers will

• A)end up earning a normal rate of return in the long run
• B)end up earning a zero rate of return in the long run
• C)end up earning a negative rate of return in the long run
• D)benefit from the increased cost of specialized resources used in dairy farming
• E)suffer if they own specialized resources at the time the legislation is passed

Recognize the impact of environmental factors on the development of individuals with genetic disorders.

Identify the genetic basis of specific disorders and syndromes.

Understand the methodology and implications of genetic research, including kinship, twin, and adoption studies.

Grasp the role of cultural and environmental influences in the development and evolution of human traits.

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Definitions:

Average Net Income

The mean amount of revenue remaining after all expenses, taxes, and costs have been deducted over a certain period.

Net Present Value

A calculation that estimates the present value of all future cash flows of an investment, minus the initial investment cost.

Straight-Line Depreciation

A technique for distributing the expense of a physical asset evenly across its life span.

Average Accounting Return

A measure of the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.