Responsible Scientists Provide ____ to Back Up Their Statements

question 51

Multiple Choice

Responsible scientists provide ____ to back up their statements.

• A) hypotheses
• B) predictions
• C) evidence
• D) controls
• E) problems

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Definitions:

Economic Profit

Profit calculated by subtracting both explicit and implicit costs from total revenues, providing a more complete measure of real profitability.

Quantity

The amount or number of a product or service available or demanded in a market.

Costs

The expense incurred in the production of goods or services or in the undertaking of any activity.

Price-Taker Firm

A company that must accept the prevailing prices in the market of its products because its own activity does not affect market prices.