A Superbug Is a Microorganism Which

question 32

Multiple Choice

A superbug is a microorganism which

• A)has a high degree of virulence.
• B)is better at causing disease.
• C)is only found in hospitals.
• D)is able to mutate very quickly.
• E)is resistant to multiple types of antibiotics.

---

Definitions:

U-Shaped Marginal Cost

A graphical representation of the cost incurred to produce one more unit of a good, which decreases at first due to increasing returns but eventually increases due to decreasing returns.

Profit-Maximizing Output

The quantity of output at which a firm achieves the maximum possible profit, determined where marginal revenue equals marginal cost.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs.

Perfectly Competitive Firm

A company that operates in a market where there are many buyers and sellers, no barriers to entry or exit, and the firm sells a homogeneous product.