The Dynamic Equilibrium Model Refers to

question 51

Multiple Choice

The dynamic equilibrium model refers to

• A)a theory involving the cyclic or evolutionary development of a landscape.
• B)a sequential development of landforms.
• C)an important concept first stated by William Morris Davis.
• D)a balancing act between tectonic uplift and rates of denudation by weathering and erosion in a given landscape.

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Definitions:

Marginal Benefit

The surplus benefit or joy experienced upon consuming an additional unit of a good or service.

Expected Profit

The anticipated return on an investment or business venture after considering all relevant costs and revenues.

Optimal R&D

The most efficient level of investment in research and development activities that maximizes the benefits from new knowledge and products.

Expected Rate Of Return

The estimated gain or loss of an investment over a given period, expressed as a percentage.