What Is a Meteorologist Most Likely to Rely on to Make

question 10

Multiple Choice

What is a meteorologist most likely to rely on to make the best weather forecasts? 

• A) lab experiments and field observations 
• B) field observations and computer models 
• C) computer models alone 
• D) field observations alone

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Definitions:

Perfectly Elastic

A situation in demand or supply where quantity changes infinitely in response to any change in price.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs.

Accounting Profits

The total revenue of a business minus the explicit costs and depreciation expenses; it's a measure of a company's financial performance according to standard accounting principles.

Most Efficient Output

Refers to the highest amount of goods or services that can be produced with a given set of resources and technology without wasting any resources.