Altruism in Animals

question 12

Multiple Choice

Altruism in animals

• A) lowers their chances of perpetuating their own genes.
• B) has no genetic basis.
• C) is a conscious effort to preserve the species.
• D) is just lucky behavior.
• E) includes none of these.

Understand the concept and implications of the production possibility frontier (PPF).

Grasp the impact of technological improvements and resources on production capabilities.

Recognize the significance of economic models and their role in analyzing real-world situations.

Acknowledge the advantages of trade between nations, even when one is more productive.

---

Definitions:

Average Total Cost

The total cost of production (fixed and variable costs) divided by the number of units produced, indicating the cost per unit of output.

Specialization

A strategy where individuals or entities concentrate on a narrow range of production tasks, aimed at increasing efficiency and expertise.

Quantity Discounts

Price reductions based on the amount of a product purchased, incentivizing buyers to purchase in larger volumes.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit changes as production volume changes.