Economic Cost

question 83

Multiple Choice

Economic cost

• A)Includes both implicit and explicit costs.
• B)Is the sum of actual monetary payments made for resources used to produce a good.
• C)Includes only implicit costs.
• D)Decreases as the level of production increases.

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Definitions:

Spermatogenesis

The process of sperm cell development, occurring in the male reproductive organs.

Functional Gametes

Mature reproductive cells (sperm in males and ova in females) that are capable of participating in fertilization to produce an embryo.

Haploid Gametes

Haploid gametes are reproductive cells that contain a single set of chromosomes and unite during sexual reproduction to form a diploid zygote.

Gonads

Gonads are the primary reproductive organs, with ovaries present in females and testes in males, responsible for producing gametes and hormones.