Dan and Michelle Have Been Having Difficulty Conceiving a Child,so

question 60

Multiple Choice

Dan and Michelle have been having difficulty conceiving a child,so they've decided to try in-vitro fertilization to start a family.One of the risks of this assisted reproductive technology that they should know about is that:

• A)at least half of all children conceived via IVF will have some form of developmental delay.
• B)25-30 percent of conceptions that occur using IVF result in multiple births (e.g. ,twins,triplets,etc. ).
• C)the rate of miscarriage from IVF is nearly 20 times that from traditional conception.
• D)IVF ordinarily takes two to three years to result in a successful conception.

---

Definitions:

Opportunity Cost

The cost of an alternative that must be forgone in order to pursue a certain action, the benefits you could have received by taking an alternative action.

Marginal Cost

The cost added by producing one more item of a product, a crucial factor in economic decision-making regarding production levels.

Economic Profit

The difference between a firm’s total revenues and its total costs, including both explicit and implicit costs, representing the actual financial gain.

Accounting Profit

The total revenue of a business minus its explicit costs, reflecting the financial gain as recorded in the financial statements.