All of the Following Are Currently Used to Clean Up

question 44

Multiple Choice

All of the following are currently used to clean up oil spills except:

• A) booms.
• B) naturally occurring bacteria.
• C) genetically engineered bacteria.
• D) straw.
• E) skimmers.

---

Definitions:

MR

Marginal Revenue is the additional income generated from the sale of one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product, which varies depending on the level of production.

Marginal Revenue

The gain in revenue from disposing of one additional unit of a good or service.

Price Elasticity

An indicator of the responsiveness of the quantity of a product demanded to its price change, represented in terms of percentage variation.