Because Behavioral Strategies Are Thought to Be the Product of Natural

question 30

Multiple Choice

Because behavioral strategies are thought to be the product of natural selection, they should increase

• A) reproductive success.
• B) the cost-to-benefit ratio.
• C) adaptations.
• D) trade-offs.

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Definitions:

Economic Profit

The difference between the total revenue earned by a business and the total opportunity costs of all resources used in production.

Competitive

Relating to or characterized by rivalry among sellers in a market, aiming to increase sales, market share, and customer loyalty by offering better terms.

Maximum

The highest or greatest possible amount or degree of something.

Long-Run Equilibrium

A state in which all factors of production and inputs in a market are fully adjusted to any economic changes, showing no tendency for further adjustment.