Which of the Following Two Methods Are Used for Obtaining

question 12

Multiple Choice

Which of the following two methods are used for obtaining energy from plants?

• A) Extraction of liquid fuels and photochemistry
• B) Burning and extraction of H₂O for fuel cells
• C) Burning and extraction of solar energy
• D) Burning and extraction of liquid fuels
• E) Photochemistry and burning

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Definitions:

Economic Profits

The financial gains that are realized when total revenues exceed total costs, including both explicit and implicit costs.

Accounting Profits

The net earnings of a company as calculated by subtracting all explicit costs from total revenues, according to standard accounting practices.

Fixed Costs

Costs that do not vary with the level of output or production, such as rent or salaries.

ATC

Average total cost is found by dividing the overall production cost by the number of units produced.