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Consider the following food chain: hawk - rabbit - clover.Each species will contain a different amount of calories in its body (clover: 10 calories,rabbit: 500,and hawk: 1200) .Each species has a different daily caloric requirement (clover: sunlight,rabbit: 100 calories,hawk: 300) .How many rabbits,per day,does it take to support the hawk?
Efficient Scale
The level of production at which a firm achieves the lowest long-run average cost, with all inputs utilized most effectively.
Surplus
A situation where the quantity supplied of a good or service exceeds the quantity demanded at the current price, often leading to a decrease in prices.
Balance of Trade
The difference in value between a country's imports and exports over a certain period.
Money Inflows
Money inflows refer to the incoming funds to a business, organization, or economy from various sources such as investments, sales, and loans.
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