There Is Concern Over the Use of Dioxin,a Synthetic Plant

question 35

Multiple Choice

There is concern over the use of dioxin,a synthetic plant hormone,as a weed killer because

• A)it weakens the shells of the eggs of predatory birds,resulting in the death of their offspring.
• B)it causes massive fish kills when it gets into lakes and streams.
• C)it can cause irreversible mutations in crop plants.
• D)it can cause birth defects and leukemia in mammals.

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Definitions:

Total Revenue

The total income a firm receives from selling its goods or services, calculated as the quantity sold multiplied by the price per unit.

Total Cost

The total expenses a company incurs to produce a specific quantity of goods, encompassing both constant and fluctuating costs.

Marginal Output

The additional output that results from the use of one more unit of a production input, assuming other inputs are constant.

AVC

Average Variable Cost, the per unit cost of variable inputs divided by the total output produced, indicating the variable cost for each unit of output.