With Respect to Fresh Water,according to One Estimate,if It Were

question 41

Multiple Choice

With respect to fresh water,according to one estimate,if it were possible to eliminate pollution,capture all available fresh water,and distribute fresh water equitably:

• A) Demand would exceed supply within a hundred years.
• B) There would be a balance between demand and supply within a hundred years.
• C) Supply would exceed demand within a hundred years.
• D) None of the above.

---

Definitions:

Excess Capacity

Refers to the situation where a firm produces at a level less than its potential output, leading to underutilized resources.

Short Run

A period of time in which at least one input (typically capital) is fixed, affecting the firm's capacity to adjust its production levels.

Efficient Use

The optimization of resources to achieve the highest possible output or benefit with the least amount of input or waste.

P > MC

A situation in which price is greater than marginal cost, indicating potential profit opportunities for firms.