The Following Figures Show the Demand (D) and Supply (S)

question 27

Multiple Choice

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6

-A firm decides to hire more equipment if:

• A)the average revenue it earns by selling its output is equal to its average cost.
• B)its total revenue is greater than the total cost of hiring the equipment.
• C)the marginal revenue product of the additional unit of equipment is greater than the marginal factor cost.
• D)its average revenue is greater than the average cost of hiring equipment.
• E)the price of its product is greater than the average cost of production.

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Definitions:

Cytosines

One of the four main nucleobases found in DNA and RNA, which pairs with guanine during the nucleic acids' synthesis.

Genes

Genes are units of heredity made up of DNA. They carry the information responsible for the development of organisms.

Carriers

Individuals who have one copy of a gene for a recessive trait and can pass that gene to their offspring, even if they do not exhibit the trait themselves.

Recessive Genes

Genes that are not dominant and can be masked by the presence of dominant genes, requiring two copies, one from each parent, for the trait to be expressed.