Use the Following Figure to Answer the Question

question 53

Multiple Choice

Use the following figure to answer the question.

Consider the global water cycle depicted in the figure. Where is the greatest flux of water from one reserve to another?

• A) from precipitation to the ocean
• B) from the ocean to the atmosphere
• C) from runoff in streams and the water table to the ocean
• D) from evaporation and transpiration of terrestrial vegetation to the atmosphere

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Definitions:

Cournot Duopolists

Firms in a duopoly market structure, where two companies dominate, that decide on their output level assuming the other's output as given, under Cournot competition.

Demand Curve

Illustrates the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at each price level.

Total Costs

The combined total of fixed and variable costs involved in the manufacturing of goods or services.

Daily Profit

The financial gain a business makes in a single day, calculated by subtracting total expenses from total revenue for that day.