Today, There Are Different Species of Amphibians

question 2

Multiple Choice

Today, there are different species of amphibians.

• A)approximately 100,000
• B)more than 4,000
• C)no more than 200
• D)roughly 30,000

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Definitions:

Accounting Profit

Total revenue minus total explicit cost

Economic Profit

The distinction in the amount between total sales and all costs, inclusive of apparent and implied expenses.

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service, essential for establishing the best production quantities.

Marginal Cost

The increase in total cost that arises from producing one additional unit of goods or services.