The Fossils of Australopithecines Indicate That,even Though They Walked Upright,their

question 49

Essay

The fossils of Australopithecines indicate that,even though they walked upright,their arms were longer than their legs,and their feet still contained a partially opposable big toe.What does this suggest to you about their habitat and lifestyle?

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Definitions:

Marginal Revenue

The additional income earned from selling one more unit of a product or service.

Demand Inelastic

A situation where the demand for a product does not change significantly with a change in price.

Price Elasticity

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Monopolist

A market participant who is the sole supplier of a particular good or service, possessing significant market power and able to influence price and market conditions.