The Region of the Optic Nerve Lacking Photoreceptor Cells Is

question 16

Multiple Choice

The region of the optic nerve lacking photoreceptor cells is known as the ________.

• A) retina
• B) optic disc (blind spot)
• C) choroid
• D) iris

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Definitions:

Implicit Cost

The monetary income a firm sacrifices when it uses a resource it owns rather than supplying the resource in the market; equal to what the resource could have earned in the best-paying alternative employment; includes a normal profit.

Forgone Rent

The potential income lost by choosing to use a property or resource in a way that is not financially optimal, such as using land for personal use instead of renting it out.

Rental Payments

Regular payments made by a tenant to an owner for the use of the owner's property or land.

Accounting Profit

The total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes.