Which of the Following Is a Crucial Factor in Enabling

question 38

Multiple Choice

Which of the following is a crucial factor in enabling habitability on the surface of a rocky planet?

• A) size
• B) distance from parent star
• C) presence of an atmosphere
• D) all of these

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Definitions:

Variable Cost

Variable cost is a cost that varies directly with the level of production or sales volume, such as materials and labor costs.

Marginal Product

The extra output generated from increasing a particular input by one unit while all other inputs remain unchanged.

Marginal Costs

The increase in total cost that arises from producing one additional unit of output, a key factor in determining optimal production quantities.

Short-Run Average Total Costs

The total production costs divided by the quantity produced when at least one input is fixed, typically analyzed in the short-run period.