(C) Unconventional Dose-Response Curve

question 19

Multiple Choice

(c) Unconventional dose-response curve
Use the accompanying figure to answer the following question.
-Assuming that the scales for graphs (a) and (b) are identical,which of the following statements is TRUE?

• A)The toxicant shown in (b)has a lower LD50 compared to the toxicant shown in (a).
• B)The toxicant shown in (b)has a higher toxicity than the toxicant shown in (a).
• C)Graphs (a)and (b)show results for the same toxicant,but graph (a)shows a higher dose than graph (b).
• D)Graphs (a)and (b)show results for the same toxicant,but graph (b)shows a higher dose than graph (a).
• E)The toxicant shown in (b)has a lower toxicity than the toxicant shown in (a).

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Definitions:

Utility Function

Formula that assigns a level of utility to individual market baskets.

Corner Solution

Situation in which the marginal rate of substitution of one good for another in a chosen market basket is not equal to the slope of the budget line.

MRS (Marginal Rate Of Substitution)

The rate at which a consumer is willing to substitute one good for another while maintaining the same level of satisfaction.

MRT (Marginal Rate Of Transformation)

The rate at which goods or services can be transformed into other goods or services, reflecting the opportunity cost of shifting resources in production.