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Match Each Term to Its Correct Description Below

question 43

Multiple Choice

Match each term to its correct description below.
-Dominated by coniferous trees that grow in northern or high-altitude regions with cold,dry winters and mild summers,this biome also has nutrient-poor soils and therefore a relatively low plant diversity.Large herbivores such as elk and moose live alongside smaller carnivores like weasels,wolverines,and martens.Larger carnivores include lynx and wolves.


Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service.

Industry Supply Curve

A graphical representation showing the total quantity of a good or service that producers in an industry are willing and able to supply at different price levels.

Marginal Cost Curves

A graphical representation showing how the cost of producing one more unit of a good varies with the quantity of the good produced.

AVC

Average Variable Cost, which is the total variable costs divided by the quantity of output produced.

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