If a Hypothesis Is Accepted,then the Findings Become a Scientific

question 83

True/False

If a hypothesis is accepted,then the findings become a scientific law.

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Definitions:

Marginal Cost

The change in total cost that arises when the quantity produced changes by one unit; essentially the cost of producing one additional unit of a good or service.

Price-Taker Firm

A firm that has no control over the market price and must accept the prevailing market price for its product.

Marginal Cost

The expense associated with manufacturing an extra unit of a product or service.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of a product or service.