Which of the Following Is Most Likely to Occur as a Consequence

question 18

Multiple Choice

Which of the following is most likely to occur as a consequence of global climate change?

• A)increases in sea levels, coastal erosion, flooding, and salinity of aquifers
• B)increases in sea levels, coastal erosion, flooding, and a decrease in salinity of aquifers
• C)increases in sea levels and coastal erosion and decreases in flooding and salinity of aquifers
• D)an increase in sea levels and decreases in coastal erosion, flooding, and salinity of aquifers

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.

Diseconomies of Scale

A condition when a company or business grows so large that the costs per unit increase, leading to reduced efficiency.

Constant Returns to Scale

A situation in production where an increase in the quantity of inputs leads to a proportional increase in the quantity of output.

Economic Cost

A payment that must be made to obtain and retain the services of a resource; the income a firm must provide to a resource supplier to attract the resource away from an alternative use; equal to the quantity of other products that cannot be produced when resources are instead used to make a particular product.