All of the Following Are Reasons for the Widespread Acceptance

question 60

Multiple Choice

All of the following are reasons for the widespread acceptance of Dawson's Dawn Man (or Piltdown Man) as the missing link between apes and humans except:

• A)desire to uncover the unknown missing link.
• B)understanding based in Darwin's theory that the missing link would be half-ape and half-human in anatomical traits.
• C)desire to include England in the story of early human evolution.
• D)expectation that the defining characteristic of humans was the large brain.
• E)knowledge that early fossilization was common in certain parts of England.

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Definitions:

Implicit Costs

Costs that represent the opportunity cost of using resources that are not directly paid for, such as the owner’s time or the use of assets owned by the firm.

Explicit Costs

Direct, out-of-pocket payments for resources or services used in the production process.

Accounting Profits

Represents the difference between total revenue and explicit costs of a firm.

Economic Profit

The difference between the revenue received from the sale of an output and the opportunity cost of the inputs used, often considered in terms of exceeding the company's normal profit level.