Which of the Following Statements Describes a Recurring Theme About

question 266

Multiple Choice

Which of the following statements describes a recurring theme about today's ecological environment?

• A) Most people agree that there is strong evidence that the temperature of the planet is going down.
• B) Smart businesses know that green business is currently a trend and they should proceed with caution because most green initiatives are more costly than wars and terrorism.
• C) There is a strong push by customers that businesses develop products and services that clearly save energy.
• D) Clearly, the greening issue is an American trend that has not captured the attention of the international business community.

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Definitions:

Marginal Cost

The sum required to produce an extra unit of a product or service.

Variable Input

An input in the production process that can be adjusted in the short run to change the level of output, such as labor hours or raw materials.

Marginal Cost

The investment required to manufacture one more unit of a product or service.

Diminishing Marginal Returns

A principle stating that as one factor of production increases, while others stay constant, the additional output will eventually decline.