No Cases of Variant Creutzfeldt-Jakob Syndrome Linked to Eating Infected

question 72

True/False

No cases of variant Creutzfeldt-Jakob syndrome linked to eating infected cows have occurred in the United States.

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Definitions:

Fixed Resource

An asset or resource in production that cannot be easily increased or decreased in the short term, such as land or machinery.

Diminishing Returns

The principle that says as more of a variable input is added to a fixed input, the incremental gain in output will eventually decrease.

Normal Profits

The level of profit that is necessary to cover the costs of a firm, including the opportunity costs of capital, ensuring the firm remains in business.

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, without paying rent or purchasing them.