As a Result of Experimentation

question 54

Multiple Choice

As a result of experimentation,

• A)more hypotheses may be developed.
• B)more questions may be asked.
• C)a new biological principle could emerge.
• D)an entire theory may be modified or discarded.
• E)all of these may occur.

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Definitions:

Fixed Input

Resource in production that cannot be changed in the short term, such as buildings and machinery.

Long Run

A period in which all factors of production and costs are variable, allowing for full adjustment to any change in market conditions.

Manufacturer

An entity engaged in the conversion of raw materials or components into finished goods for sale.

Total Product Curve

A graphical representation showing how the total quantity of output of a good or service varies with the amount of a variable input used in production.