Ethylene Is Used as a Starting Material in Making Plastics

question 53

Multiple Choice

Ethylene is used as a starting material in making plastics.It has a molecular formula of C₂H₄.Which of the following structures is the correct Lewis structure for ethylene?

• A) structure a
• B) structure b
• C) structure c
• D) structure d
• E) structure e

Analyze the effects of changes in production levels on different cost measures.

Evaluate the impact of technological advances and changes in input prices on cost curves.

Determine profit-maximizing output levels using cost data.

Understand the concept of diminishing returns and its effect on costs.

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Definitions:

Opportunity Cost

The economic consequence of not opting for the immediate secondary option when a decision is made.

Salvage Value

An approximation of an asset's value at the conclusion of its effective lifespan.

Erosion Cost

The gradual loss of asset value due to factors like wear, tear, and technological obsolescence, affecting long-term profitability.

Depreciation

The planned apportionment of the price of a tangible asset across its operational lifetime.