Residence Time Is the _______________

question 4

Multiple Choice

Residence time is the _______________

• A)chemical change that occurs with time, when substances are altered by the sun or metabolized by microorganisms
• B)length of time it takes to produce toxic chemicals in the environment
• C)average length of time a molecule of a substance spends in the environment
• D)chemical change that occurs with time, when substances alter the growth and development of humans
• E)length of time it takes for chemicals to be stored in the tissues of living organisms

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Definitions:

Labor

The effort involving both bodily and intellectual activities applied in generating goods and services.

AVC

Average Variable Cost, the total variable cost divided by the quantity of output produced.

AFC

Average fixed cost, or the total fixed costs divided by the quantity of output produced, indicating how fixed costs per unit change with production levels.

MC

The additional cost incurred for producing one more unit of a good or service; it's synonymous with marginal cost.