Provide an Appropriate Response

question 47

Multiple Choice

Provide an appropriate response.
-The total cost in dollars of producing x lawn mowers is given by C(x) = Find the marginal
average cost at x = 20, and interpret the result.

• A) -$10.33; a unit increase in production will decrease the average cost per unit by approximately $10.33 ata production level of 20 units.
• B) -$13.33; a unit increase in production will decrease the average cost per unit by approximately $13.33 ata production level of 20 units.
• C)-$1.33; a unit increase in production will decrease the average cost per unit by approximately $1.33 at a production level of 20 units.
• D) -$20.33; a unit increase in production will decrease the average cost per unit by approximately $20.33 at a production level of 20 units.

Identify key characteristics that differentiate major arthropod groups.

Understand the ecological roles and diversity of arthropods and other invertebrates in ecosystems.

Recognize the morphological features that have contributed to arthropod diversity and their evolutionary significance.

Describe the developmental stages and metamorphosis processes in insects.

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Definitions:

Elastic

Describes a situation in which the quantity demanded or supplied of a good or service significantly changes in response to a change in price.

Inelastic

Describes a situation where the demand or supply for a good or service is less responsive to changes in price.

Elastic Demand

A situation in economics where the demand for a product is sensitive to price changes, leading to a significant change in quantity demanded if the price increases or decreases.

Wage Increase

Refers to the rise in the hourly, daily, or monthly payments made to employees for their work or services.