From a Chemical Energy Standpoint, the Basic Requirement for Life

question 60

Multiple Choice

From a chemical energy standpoint, the basic requirement for life is a situation in which chemicals naturally exist in a state of

• A) instability
• B) disequilibrium
• C) equilibrium
• D) stability

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Definitions:

Decreasing Average Total Costs

A situation in which the average total cost of production decreases as the output increases, indicative of economies of scale.

Natural Monopoly

A market condition where a single supplier is most efficient in producing the good due to the high fixed or start-up costs associated with the industry.

Entire Range

The complete spectrum or scope of something, from one end to the other, without any exclusions.