The Only Way to Meet the Resource Needs of Future

question 66

Multiple Choice

The only way to meet the resource needs of future generations is through ____.​

• A) ​sustainable resource use
• B) ​biological magnification
• C) ​creating conservation hotspots
• D) ​clear cutting and mining
• E) increasing use of nonrenewable resources​

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Definitions:

Economic Profit

Profit calculated by subtracting both visible and hidden costs from total revenue, offering insight into the true financial gain of a business endeavor.

Marginal Revenue

The additional income received from selling one extra unit of a product or service.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Profit-Maximizing

A strategy firms adopt aiming to produce the quantity of goods or services that leads to the highest possible profit.