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Refer to the table.
Table 1
Suppose you are researching an ecological community in a new study area. You divide your study area into quadrats and sample one quadrat a day to determine the species that occupy the area and how many individuals of these species are present. Assume that by the end of your sampling efforts, you have identified all of the species that occur in the study area. Table 1 shows the data collected for each sample for species A-H and indicates the number of individuals of each species identified in each quadrat. Use the table to investigate the pattern of species discoveries in your data. Then, create a new data table (this will be referred to as Table 2) that reflects the number of new species discovered as a function of the number of samples. Include the number of new species observed in each sample and the total number of species discovered over the course of your sampling.
Rent
Rent is the payment made by a tenant to a landlord for the use of a property, room, or piece of land for a specified period.
Marginal Revenue Product
The additional revenue a firm generates from employing one more unit of input, such as labor or capital.
Wage Rate
The standard amount of pay given for work performed, typically expressed in terms of pay per hour or pay per unit of work done.
Productivity
Productivity measures the efficiency of production in terms of the amount of output produced per unit of input used.
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