Why Is the Use of Cyanobacteria for the Production of Bioplastics

question 29

Multiple Choice

Why is the use of cyanobacteria for the production of bioplastics an attractive commercial investment?

• A)Their PHA are stronger than those found in other bacteria.
• B)The cost of production is less.
• C)Their bioplastics are lighter than other types.
• D)Their bioplastics are more pliable.
• E)The PHA produced are easier to work with than other types.

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Definitions:

Profit-maximizing Price

The price at which a firm can achieve the highest possible profit.

Total Cost

Refers to the complete cost of production that includes both fixed and variable costs.

Total Revenue

The total amount of money a firm receives from the sale of its products or services, calculated by multiplying the price per unit by the number of units sold.

Economic Profits

Profits exceeding the total costs, including both explicit costs and implicit costs such as opportunity costs.