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Although some early amniotes developed endothermy, which amniote is an ectotherm?
Marginal Cost
The additional cost incurred in the production of one extra unit of a good or service.
Marginal Profit
The additional profit gained from producing or selling one more unit of a good or service.
MR < MC
A condition where marginal revenue is less than marginal cost, suggesting that a firm should reduce its output to maximize profit.
Economic Profits
The excess of total revenues over total costs, including both explicit and implicit costs, reflecting the true profitability of a firm.
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