As Ice Floats in Water,about 10% of the Ice Floats

question 48

Multiple Choice

As ice floats in water,about 10% of the ice floats above the surface of the water.If we float some ice in a glass of water,what will happen to the water level as the ice melts?

• A)The water level will rise 10% of the volume of the ice that melts.
• B)The water level will rise,but not as much as the 10% indicated in answer
• C)The water level will remain unchanged.
• D)The water level will become lower.

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Definitions:

Total Product Curve

A curve that shows the relationship between the quantity of inputs used in production and the quantity of output from production.

Marginal Product Curve

A graph that illustrates the change in output when an additional unit of input is added, holding all other inputs constant.

Production Function

Describes the relationship between inputs used in production and the resulting output.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment.