The Rumen Is

question 50

Multiple Choice

The rumen is

• A) found in horses and rabbits.
• B) found in carnivores.
• C) an offshoot of the colon.
• D) an anaerobic fermentation vessel found in herbivores.
• E) found in horses and rabbits AND an offshoot of the colon.

---

Definitions:

Minimum Acceptable Price

The lowest price at which a seller is willing to sell a product or service, often covering at least the cost of production.

Consumer Surplus

The discrepancy between the aggregate amount consumers are willing to expend on a good or service and the aggregate amount they really expend.

Total Revenues

The complete amount of income generated by a company through its various business activities.

Market Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output that producers are willing and able to sell at that price.