Macrophytes Were Sampled at Each of 3 Depths in a Particular

question 48

Short Answer

Macrophytes were sampled at each of 3 depths in a particular region of Lake Opinicon. The macrophages
obtained at each depth were classified as to their genus and their dry weights were also determined. The
variable macrophage genus would be classified as a ___________ variable.
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Definitions:

Increasing-Cost Industry

An industry in which the costs of production increase as more firms enter the market, typically due to limitations in resources.

Decreasing-Cost Industry

An industry in which the average cost of production decreases as the industry grows and output increases.

Decreasing Returns to Scale

A situation in which a proportional increase in all inputs leads to a less than proportional increase in output, indicating reduced efficiency as scale of production expands.

Long-Run Equilibrium

A state in which all factors of production and inputs can be adjusted by firms, leading to a situation where no firm has an incentive to change its output or production method.