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Read the following scenario and answer the question below.
Northeast of Australia and northwest of Fiji lies the isolated tropical island of Tikopia. Less than two miles in length, it supports 1200 people and has been continuously occupied for nearly 3000 years, with the population holding steady for much of that time. It has a two-month dry season every year and lies in the Pacificʹs cyclone belt, which destroys homes and gardens on an unpredictable but regular basis. Tikopia is too far away from other islands to have any regular contact; the islanders must be self-sufficient.
-People live in clans on the island. Within the clan, individual families are probably encouraged to ______________ in order to ______________
Units
A standard measure or quantity used to specify or quantify the amount of a product, service, or resource.
Prices
The amount of money required to purchase goods or services.
Marginal Cost
The additional cost incurred by producing one more unit of a product or service, crucial for economic and pricing decisions.
Marginal Revenue
The additional income received from selling one more unit of a product or service.
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