Refer to the Diagram

question 339

Multiple Choice

Refer to the diagram. If a firm produces output Q ₁ at a unit cost of b, then the

• A)firm is not fulfilling the least-cost rule in employing resources.
• B)firm may or may not be maximizing profits.
• C)marginal product per dollars' worth of each resource employed is not the same.
• D)firm has achieved minimum efficient scale.

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Definitions:

Hemophilia A

A genetic disorder caused by missing or defective Factor VIII, a clotting protein, leading to prolonged bleeding after injury.

Hemoglobin Molecules

Oxygen-carrying proteins located in red blood cells, consisting of four subunits, each containing an iron atom that binds oxygen, allowing blood to transport oxygen throughout the body.

Polyploidy

The condition of having more than two complete sets of chromosomes in an organism, common in plants and some animal species.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of deoxyribonucleic acid (DNA).