A Firm That Is Operating in a Technologically Inefficient Way

question 87

Multiple Choice

A firm that is operating in a technologically inefficient way:

• A)is getting the maximum output from its inputs.
• B)is making zero economic profits.
• C)is not making as much money as it potentially can.
• D)should shut down immediately to reduce its losses.

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Definitions:

Cone

(1) In botany, a reproductive structure in many gymnosperms that produces either microspores or megaspores. (2) In zoology, one of the conical photoreceptive cells of the retina that is particularly sensitive to bright light and, by distinguishing light of various wavelengths, mediates color vision. Compare with rod.

Compound Eye

A type of eye found in some arthropods, consisting of multiple small visual units that provide a wide field of vision and the ability to detect movement.

Camera Eye

A type of eye found in vertebrates and some mollusks that is characterized by a spherical lens that focuses light on the retina, producing a detailed image.

Ocelli Eye

Simple eyes, or ocelli, are found in some invertebrates, consisting of photoreceptor cells to detect light intensity and direction, but not form detailed images.