A Team of Food Scientists Wants to Develop a Formula

question 1

Multiple Choice

A team of food scientists wants to develop a formula diet for newborns that is a nutritionally complete food that replaces human milk.To support normal infant development,the formula must have _____ as an ingredient.

• A)taurine
• B)glutamic acid
• C)tryptophan
• D)aspartic acid

---

Definitions:

Diminishing Returns

The principle that says as more of a variable input is added to a fixed input, the incremental gain in output will eventually decrease.

Normal Profits

The level of profit that is necessary to cover the costs of a firm, including the opportunity costs of capital, ensuring the firm remains in business.

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, without paying rent or purchasing them.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.