If Rates of Nitrogen Fixation Increased Tenfold in Aquatic Ecosystems

question 23

Multiple Choice

If rates of nitrogen fixation increased tenfold in aquatic ecosystems, would you expect a tenfold increase in primary productivity?

• A)yes, because nitrogen is a limiting nutrient in aquatic ecosystems
• B)yes, because there is an abundance of dissolved carbon dioxide in aquatic ecosystems
• C)no, because there are other limiting nutrients in aquatic ecosystems besides nitrogen
• D)no, because there would be a higher increase in primary productivity

Understand the characteristics and equilibrium conditions of monopolistically competitive firms.

Differentiate between short-run and long-run equilibria in monopolistic competition.

Identify factors influencing firms' entry and exit in monopolistically competitive markets.

Analyze the impact of demand and cost changes on monopolistically competitive firms' pricing and output decisions.

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Definitions:

Joint Costs

Costs that are incurred in the process of producing two or more products simultaneously and cannot be directly assigned to a particular product.

Allocation

The process of distributing resources, costs, or revenues among various accounts, departments, or products based on specific criteria.

Indirect Salaries

Salaries for employees who do not directly work on the production of products or services but support those who do.

Basis of Sales

The underlying foundation or principle for recognizing revenue from sales transactions in accounting records.