What Is a "Social Cost" of Production

question 101

Multiple Choice

What is a "social cost" of production?

• A)the cost of the natural resources used up in production
• B)the total costs of producing a product, both implicit and explicit costs
• C)the sum of all costs to individuals in society, regardless of whether the costs are borne by those who produce the products or consume the product
• D)the cost of the environmental damage created by production

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Definitions:

Recombination

The process by which genetic material is physically mixed during sexual reproduction, leading to the production of offspring with combinations of traits that differ from those found in either parent.

Gametogenesis

The process by which gametes, the sex cells, are produced in the gonads (ovaries and testes) through a sequence of meiotic cell divisions and differentiation.

Genetic Variation

The diversity in gene frequencies within a population, caused by mutations, genetic recombination, and other factors.

Gene Flow

The transfer of genetic variation from one population to another, which can lead to changes in population genetic composition.