Mary and Jim Are Expecting a Child and Prenatal Diagnostic

question 59

Multiple Choice

Mary and Jim are expecting a child and prenatal diagnostic procedures have confirmed that the fetus has _____,a neural tube disorder that causes brain and spine abnormalities.Their physician has explained that this gene-linked abnormality could be treated with corrective surgery at birth,orthopedic devices,and physical or medical therapy.

• A)spina bifida
• B)Tay-Sachs disease
• C)phenylketonuria
• D)Huntington's disease

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Definitions:

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing the excess returns over the firm's opportunity costs.

Total Profit

The financial gain obtained when total revenue exceeds total expenses from business operations.

Graph

A diagram representing data visually, using lines, bars, or other symbols.

Implicit Cost

Refers to the opportunity costs that are not directly paid for in money but represent the loss of value from using resources for a particular venture instead of their best alternative use.