Which of the Following Statements Is an Important Consequence of the First

question 60

Multiple Choice

Which of the following statements is an important consequence of the first law of thermodynamics for a living organism?

• A) The energy content of an organism is constant.
• B) An organism ultimately must obtain all of the necessary energy for life from its environment.
• C) The entropy of an organism decreases with time as the organism grows in complexity.
• D) Organisms grow by converting energy into organic matter.

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Definitions:

Dominant Firm

Firm with a large share of total sales that sets price to maximize profits, taking into account the supply response of smaller firms.

Demand Curve

Illustrates the relationship between the price of a good or service and the quantity demanded by consumers, typically showing a downward slope.

Fringe Firms

Small companies that operate at the edges of a market, often providing alternative or innovative products compared to mainstream companies.

Profit Maximizing

The process or strategy of adjusting production and sales to achieve the highest possible profit.