Examlex
This figure shows the tail shape developed by three tadpole genotypes (M, N, and O) when raised in an environment with predators and an environment without predators. In the presence of predators, tadpoles with large tails have high fitness and tadpoles with small tails have low fitness. When predators are not present, tadpoles with large tails have low fitness and tadpoles with small tails have high fitness. Under which of the following situations would the plastic genotype be favored over other genotypes?
I. if all environments have predators
II. if no environments have predators
III. if environments with predators are as common as environments without predators
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, representing the additional gain beyond the normal profit level.
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The opportunity costs of using resources owned by the firm for its own production rather than earning income elsewhere.
Accounting Profits
The net income reported on the financial statements of a company, calculated as total revenues minus explicit costs and depreciation.
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The total quantity of a specific good or service that all firms in an industry are willing to sell at a given price level.
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