If a Potato Farmer Expands Output, He Finds That the Increase

question 197

Multiple Choice

If a potato farmer expands output, he finds that the increase in total revenue is less than the increase in total costs. This means that:

• A) profit is being maximized.
• B) he should not have expanded output.
• C) he should produce even more output.
• D) the firm is wasting resources.
• E) the farmer should go out of business.

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Definitions:

Chromosome Region

A specific segment of a chromosome where genes are located.

Exons

Portions of a gene that are transcribed and translated into proteins, interspersed with noncoding sequences called introns.

Amniocentesis

A medical procedure used in prenatal diagnosis, involving the extraction of a small amount of amniotic fluid from the uterus to test for genetic abnormalities and infections.

Amniotic Fluid

The protective liquid contained within the amniotic sac of pregnant females, surrounding and cushioning the fetus.