The Discovery of Gravitational Radiation Is an Unusual Example of the Scientific

question 37

Multiple Choice

The discovery of gravitational radiation is an unusual example of the scientific method because

• A) it began with observations made over a century ago.
• B) it began with theoretical calculations rather than observations.
• C) the observations that began the investigation completely disproved the currently accepted model, thus leaving the theorists with no structure to build on.
• D) the original theory was an outgrowth of an entirely unrelated area of philosophy.

---

Definitions:

Explicit Costs

Direct, out-of-pocket expenses incurred by a firm or individual for business operations or activities.

Accounting Profits

The financial gain calculated by subtracting total explicit costs from total revenues, using generally accepted accounting principles.

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenues; also known as supernormal profits.

Implicit Costs

Costs that represent the opportunity costs of using resources owned by the firm for its own production rather than selling those resources.