Which of the Following Statements About the Population of H

question 47

Multiple Choice

Which of the following statements about the population of H.florensis is not correct?

• A)It was an island-dwelling dwarf hominid species.
• B)The hominid fossils there show very clear transition from H.erectus to H.sapiens.
• C)It has archaeological evidence of 800,000-year-old stone tools.
• D)It can be reached only by water navigation.
• E)The hominid fossils on Flores date from 13,000 to 73,000 years ago.

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Definitions:

Average Total Cost

Average Total Cost is the total cost of production divided by the quantity of output produced, encompassing both fixed and variable costs in the calculation.

Economic Profits

The financial gains that exceed the opportunity costs of a business's resources, considering both explicit and implicit costs.

Perfectly Competitive

A market structure characterized by a complete absence of rivalry among firms, where all firms sell identical products and no single firm can influence the market price.

Industry Supply Curve

A graphical representation that shows the quantity of goods that producers are willing and able to sell at different price levels in a specific industry.