Replica Plating

question 8

Multiple Choice

Replica plating

• A)is useful for direct selection.
• B)is useful for identifying auxotrophs.
• C)uses media on which the mutant will not grow and the parental cell typewill.
• D)is used to store strains of bacteria.
• E)is useful for identifying auxotrophs AND uses media on which the mutant will not grow and the parental cell typewill.

Recognize the importance of substitutes and necessities in determining demand elasticity

Analyze the relationship between price changes, demand, and consumption for different products

Understand the concept of elasticity of demand and how it is affected by various factors

Analyze the impact of taxes on market equilibrium and who bears the tax burden

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Definitions:

Consumption Change

A variation in the total amount of goods and services that households and individuals are willing and able to consume over a certain period.

MRS

The Marginal Rate of Substitution is the rate at which a consumer is willing to exchange units of one good for units of another good while maintaining the same level of utility.

Marginal Utility

Marginal utility is the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Utility Maximization

A theory in economics that suggests consumers will allocate their resources to maximize their utility or satisfaction given their income and the prices of goods and services.