Where Two Oceanic Plates Converge, One Sinks Beneath the Other

question 46

Multiple Choice

Where two oceanic plates converge, one sinks beneath the other and dives into the mantle forming a/an:

• A) Mid-Oceanic Ridge.
• B) island arc.
• C) Andean margin.
• D) Himalaya-type margin.

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Definitions:

Marginal Cost

The incremental cost involved in producing one more unit of a good or service.

Pure Monopolist

A market structure where a single company exclusively controls the entire supply of a product or service without any competition.

MR = MC Output

The optimal output level for a firm where marginal revenue (MR) equals marginal cost (MC), commonly used to maximize profit.

Maximizing Profits

Maximizing profits is the process by which a firm adjusts its production and operational strategies to achieve the highest possible financial gain.