Aristotle Believed That

question 33

Multiple Choice

Aristotle believed that

• A)all species are equal in complexity.
• B)life originated from inorganic substances.
• C)living organisms can be arranged based on their order of increasing complexity.
• D)every species on Earth has a perfect or "essential" form.

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Definitions:

Marginal Cost

The rise in expense associated with the production of an extra good or service unit.

Marginal Rate of Substitution

The measure of how much of one good a consumer can give up in favor of another, without impacting their level of well-being.

Socially Efficient

A situation in which an outcome benefits society as a whole and resources are allocated in the most beneficial manner from a societal perspective.

Marginal Cost

The increase in total cost that arises from producing one extra unit of a good or service.