Use the figure below to answer the following questions.
Figure 12.3.4
-Refer to Figure 12.3.4 which shows cost curves of Paul's Picture Frames Inc.The picture frame market is perfectly competitive and the market price is $30 a frame.Paul produces ________ frames each week,makes ________ of total revenue,and makes zero ________ profit
Definitions:
Predation
A biological interaction where one organism, the predator, kills and eats another organism, its prey, as a means of obtaining energy.
Biotic Potential
The highest possible rate of reproduction for a living being when the environment is most favorable.
Environmental Resistance
The sum of environmental factors (like predation, disease, and competition) that limit the growth of populations within an ecosystem.
Mortality
The state of being subject to death or the incidence of death within a population.
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