The Label on a Container of Margarine Lists "Hydrogenated Vegetable

question 57

Multiple Choice

The label on a container of margarine lists "hydrogenated vegetable oil" as the major ingredient. Which of the following options describes the property of hydrogenated vegetable oil?

• A) It is solid at room temperature.
• B) It has more double bonds in the fatty acid chains.
• C) It has fewer trans fatty acids.
• D) It is less likely to block arteries.

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Definitions:

Marginal Cost

The amount needed to generate one more unit of a good or service.

Average Total Cost

The overall expense of manufacturing, when dispersed across the number of products made, encompassing both constant and fluctuating expenses.

Average Variable Cost

The sum of all costs that fluctuate with production volume, divided by the total amount of goods produced.

Long Run

A period in which all factors of production and costs are variable, allowing for full adjustment to changes.