Physiology

question 92

Multiple Choice

Physiology

• A)emphasizes cause-and-effect mechanisms.
• B)includes the fields of chemistry and psychology.
• C)ignores the scientific method.
• D)ultimately strives to understand the structures of individual cells.

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Definitions:

Marginal Benefits

The incremental satisfaction received from the consumption of one additional unit of a good or service.

Marginal Costs

The incremental cost of manufacturing one more unit of a product or service.

Studying Economics

The academic pursuit of understanding how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their desires and needs.

Opportunity Cost

Opportunity Cost is the foregone benefit that would have been derived by choosing the next best alternative when making a decision.