Consider Two Forests: One Is an Undisturbed Old-Growth Forest,and the Other

question 9

Multiple Choice

Consider two forests: one is an undisturbed old-growth forest,and the other has recently been logged.In which forest are species likely to experience exponential growth,and why?

• A)old growth,because the stable conditions would favor exponential growth of all species in the forest
• B)old growth,because each of the species is well established and can produce many offspring
• C)logged,because the disturbed forest affords more resources for increased specific populations to grow
• D)equally probable in old-growth and logged forests,because disturbed and stable habitats have equal opportunity for tree seedlings to survive

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Definitions:

Step-fixed Costs

Expenses that remain constant over a range of production but can change when production exceeds certain levels.

Inflationary Price Increase

A rise in prices across the board that is often attributed to an increase in the money supply or demand outpacing supply.

Absorption Costing

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.

Variable Costs

Additional costs incurred when unit production increases. Variable costs per unit usually are assumed not to vary with volume.