__________ Is a Mechanism That Would Help Preserve Life in Times

question 101

Multiple Choice

__________ is a mechanism that would help preserve life in times of famine.

• A)Adaptive thermogenesis
• B)Adaptive mutagenesis
• C)Homeostasis
• D)Apostasis

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Definitions:

Marginal Cost

The charges incurred for the production of an additional unit of a good or service.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved due to market inefficiencies.

Consumer Surplus

The difference in planned versus actual spending by consumers on a good or service.

Price Discrimination

A pricing strategy where a firm charges different prices for the same product or service to different consumers, based on their ability to pay, in order to maximize profits.