A Young Clownfish Is Just Returning to the Reef and Is

question 44

Multiple Choice

A young clownfish is just returning to the reef and is looking for an anemone to live in. He is currently 23 mm long. Which one would provide him with the best chances of survival?

• A) A large anemone with five residents that are 60 mm, 54 mm, 42 mm, 33 mm, and 24 mm long
• B) A small anemone with three residents that are 41 mm, 31 mm, and 25 mm long
• C) A medium anemone with three residents that are 54 mm, 45 mm, and 36 mm long
• D) A very small anemone with only one resident that is 27 mm long

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Definitions:

Marginal Cost Function

A mathematical representation that shows the change in total cost associated with producing one additional unit of output.

Total Revenue

The entire amount of money generated from sales of goods or services before any expenses are deducted.

CVP Model

The Cost-Volume-Profit model, a financial analysis tool used to determine the effects of varying levels of cost and volume on a company's profits.

Total Revenue Function

A mathematical formula that represents the total income of a company from its sales of goods or services, typically as a function of price and quantity.