Astronomers Have Known That Galaxies Are Separate Entities Outside of Our

question 32

Multiple Choice

Astronomers have known that galaxies are separate entities outside of our own for roughly the last

• A) 30 years.
• B) 90 years.
• C) 150 years.
• D) 300 years.

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Definitions:

Output

The total amount of goods and services produced by an economic system or by a firm.

Marginal Benefit

The boost in satisfaction or utility received from consuming one more unit of a good or service.

Efficiency Loss

The reduction in economic efficiency due to factors like market distortions, resulting in resources not being allocated optimally.

Deadweight Loss

refers to the loss of economic efficiency that can occur when the equilibrium for a good or service is not achieved, leading to a reduction in total societal welfare.