Examlex
Which of the following are important reproductive adaptations that allow plants to inhabit terrestrial environments?
Efficiently Allocated
A state where resources are distributed in a manner that maximizes the net benefits to society.
Marginal Revenue
The surplus income generated by a company through the sale of one extra unit of a good or service.
Average Cost
The total cost of production divided by the number of goods produced, synonymous with average total cost, indicating the cost on a per unit basis.
Long-run Equilibrium
A state in which all factors of production are fully adjustable, allowing firms to enter or exit the industry, resulting in no economic profit for firms in perfectly competitive markets.
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