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MATCHING
Match the organism or its characteristic with the correct phylum.
a.Annelida
f.Nematoda
b.Arthropoda
g.Nemertea
c.Cnidaria
H.Platyhelminthes
d.Ctenophora
I.Porifera
e.Mollusca
J.Rotifera
-tapeworms
Economic Profits
Profits exceeding the opportunity costs of all resources used by a firm.
Industry Supply Curve
A graphical representation showing the total amount of a commodity that all producers in an industry are willing and able to supply at different prices.
Production Cost
The total expenses incurred in the manufacture of a product or the delivery of a service, including raw materials, labor, and overhead expenses.
Economic Profits
Profits that exceed the opportunity costs of all inputs, reflecting earnings beyond the next best alternative.
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