Which of the Following Are Advantages of Animal Feedlots

question 43

Multiple Choice

Which of the following are advantages of animal feedlots?

• A)increased meat production, higher profits, and reduced soil erosion
• B)higher profits, less overcrowding, and reduced overgrazing
• C)reduced overgrazing, greenhouse gas emissions, and higher profits
• D)increased genetic resistance in humans, increased meat production, and higher profits
• E)reduced soil erosion, less overcrowding, and increased genetic resistance in humans

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Definitions:

Efficient Output Level

The level of production where the total costs of producing a good or service are minimized while maximizing production.

Profit-Maximizing Price

The price at which a business can sell its product or service to achieve the highest possible profit.

Marginal Cost

The cost added by producing one additional unit of a product or service.

Kink

A sudden change in the rate or direction of a curve or line, often used in economics to describe a sharp change in a demand or supply curve.