Consider This Statement: "There Is Bias in the Fossil Record

question 41

Essay

Consider this statement: "There is bias in the fossil record." Why would bias exist in the fossil record if scientists carefully preserve dig sites and document all findings?

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Definitions:

Marginal Cost

The rise in expense associated with the production of an extra good or service unit.

Marginal Rate of Substitution

The measure of how much of one good a consumer can give up in favor of another, without impacting their level of well-being.

Socially Efficient

A situation in which an outcome benefits society as a whole and resources are allocated in the most beneficial manner from a societal perspective.

Marginal Cost

The increase in total cost that arises from producing one extra unit of a good or service.