In Technical Terms, _____ Is "The Study of the Relationships

question 5

Multiple Choice

In technical terms, _____ is "the study of the relationships among organisms as well as the relationships between them and their physical environment" (Collin, 2004, p.69) .

• A)psychology
• B)terminology
• C)sociology
• D)ecology

---

Definitions:

Marginal-Cost

The expense associated with producing one additional unit of a good or service, critical for decision-making in business and economic policy.

Economies of Scale

The cost advantage achieved by an increase in production, leading to a reduction in expenses per unit due to more efficient use of resources.

Long-Run Average Cost

The per-unit cost of production in the long term, where all inputs are variable.

Total Output

The total value of goods and services produced by an economy over a specific period of time.