The Holocene Epoch Is NOT Defined As

question 9

Multiple Choice

The Holocene epoch is NOT defined as:

• A) the most recent geological epoch
• B) the geological period beginning around 11,000 ya.
• C) a period of increased global temperatures
• D) the geological period associated with the development of broadly based hunting and gathering
• E) the period prior to the one in which we now live

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Definitions:

Optimal Output Rule

The principle that profit is maximized by producing the quantity of output at which the marginal revenue of the last unit produced is equal to its marginal cost.

Marginal Revenue

The additional income earned by a company from selling one more unit of a good or service, reflecting the benefit of increased production.

Marginal Cost

The boost in expense for crafting one more unit of a product or service.

Profits

The financial gain realized when the revenue earned from economic activities exceeds the expenses, costs, and taxes associated with sustaining the activity.