The First Colonizers of Australia Arrived by

question 38

Multiple Choice

The first colonizers of Australia arrived by

• A) 20,000 years ago.
• B) 50,000 years ago.
• C) 100,000 years ago.
• D) 150,000 years ago.

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Definitions:

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service.

Externalities

Financial repercussions impacting bystanders who are not directly involved, which can be beneficial or detrimental.

Efficient Level

Efficient Level refers to the optimal amount of production or activity that maximizes benefits or utility while minimizing costs or waste.

Impose a Tax

The act of a governing body levying a financial charge or other levy upon a taxpayer, which can affect individuals, entities, or transactions.