As Compared to the Consumption of the Same Number of Calories

question 19

Multiple Choice

As compared to the consumption of the same number of Calories in plant proteins,the production of beef releases more

• A) water.
• B) acid rain.
• C) methane.
• D) smog.

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Definitions:

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm's production increases.

Diminishing Returns

A principle stating that as more of a variable input is added to a fixed input, beyond some point, the additional output from the additional input will decrease.

Marginal Cost

The financial outlay required to create another unit of a good or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the number of goods produced, essentially the per unit production cost.