Suppose You Cut Your Finger Only Slightly in What Is

question 71

Multiple Choice

Suppose you cut your finger only slightly in what is known as a "paper cut." You observe that the cut hurts but it doesn't bleed.How would you interpret your observation?

• A)Nerve endings occur in epithelium but blood vessels do not.
• B)The paper severed the skin,missing blood vessels,but hitting nerve endings.
• C)Very thin cuts never draw blood but do sever nerves.
• D)You probably have some unknown condition related to blood clotting.
• E)The paper had some factor that prevented the release of blood but not the sensation of pain.

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Definitions:

MC

Short for Marginal Cost, it refers to the increase in total cost that arises from producing one additional unit of a good or service.

Minimum ATC

The point at which the average total cost of production is at its lowest, indicating the most efficient scale of production.

Demand Schedule

A table of numbers showing the amounts of a good or service buyers are willing and able to purchase at various prices over a specified period of time.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.