Which of the Following Is CORRECT About Micronutrients

question 37

Multiple Choice

Which of the following is CORRECT about micronutrients?

• A) They are needed in small amounts and do not need to be cycled.
• B) They are sometimes needed in large amounts.
• C) Phosphorus is a good example of a micronutrient.
• D) Some microbes can grow without them.
• E) Their cycling involves changes in oxidation state.

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Definitions:

Accounting Profits

The difference between total revenue and explicit costs, representing the net income shown on a company's financial statements.

Implicit Costs

The opportunity costs associated with a company's use of resources that it owns, representing the potential income lost by not using those resources in an alternative way.

Total Revenues

The overall sum of money earned by a business from its sales of goods or services, calculated without deducting any expenses.

Marginal Product

The incremental increase in output resulting from the use of one additional unit of a resource, while keeping other resources constant.