Which of the Following Would Result in a DECREASE in the Size

question 20

Multiple Choice

Which of the following would result in a DECREASE in the size of your ecological footprint?

• A)purchasing produce from local farmers instead of produce shipped from overseas
• B)constructing a new home from brick and stone
• C)setting the thermostat to 68 degrees in the winter instead of 66 degrees
• D)only purchasing clothing that was made overseas
• E)None of the answer options is correct.

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Definitions:

Costs

The expense incurred in the production of goods or services or in the undertaking of any activity.

Price-Taker Firm

A company that must accept the prevailing prices in the market of its products because its own activity does not affect market prices.

Short-Run Losses

Financial deficits that occur within a brief period and are typically seen as part of the normal business cycle or due to temporary challenges.

Fixed Cost

Expenses that do not change with the level of production or output within a certain range or period.