Scientists Must Balance the Benefits of Research Against the ______

question 10

Multiple Choice

Scientists must balance the benefits of research against the ______.

• A) resources available
• B) desired results
• C) possible harm
• D) effective methods

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials and labor.

Marginal Cost

The incremental cost involved in creating an extra unit of a product or service.

Diseconomies of Scale

Occur when a firm's costs per unit increase as its output increases, opposite to economies of scale.

Production Costs

The total expense incurred in manufacturing a product or providing a service, including labor, materials, and overhead expenses.