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If You Were a Geologist Studying Harry Hess During World

question 58

Multiple Choice

If you were a geologist studying Harry Hess during World War II, which specific discovery would you have made after mapping the depth of the ocean floor? _________________


Definitions:

Optimal Allocation

The most efficient distribution of resources within an economy to maximize the output or welfare.

MB = MC

A principle in economics indicating the optimal level of output or consumption, where the marginal benefit (MB) equals the marginal cost (MC).

Marginal Benefit

The added utility or pleasure that comes from the consumption of one more unit of a good or service.

Marginal Cost

The escalation in aggregate cost linked to the fabrication of an extra item of a good or service.

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