If the Marginal Benefit Received from Consuming a Good Is

question 148

Multiple Choice

If the marginal benefit received from consuming a good is greater than the marginal cost of production:

• A)society's well-being can be improved if production increases.
• B)society's well-being can be improved if production decreases.
• C)society's well-being cannot be improved by changing production.
• D)the market is producing too much of the good.

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Definitions:

Horizontal Gene Transfer

The movement of genetic material between unicellular and/or multicellular organisms other than by the "vertical" transmission of DNA from parent to offspring.

Binary Fission

A form of asexual reproduction seen in prokaryotic organisms and some single-cell eukaryotes where a cell divides into two genetically identical cells.

Commensalism

A type of symbiosis in which one organism benefits and the other one is neither harmed nor helped. Compare with mutualism and parasitism.

Lactic-Acid Bacteria

A group of gram-positive bacteria that produce lactic acid as their major metabolic end product during the fermentation of carbohydrates.