Humans

question 38

Multiple Choice

Humans:

• A)have one of the longest gestation periods of any primate
• B)exhibit mild sexual dimorphism
• C)have lost much of their locomotor flexibility
• D)all of the above

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Definitions:

Producer Surplus

The difference between the amount a producer is willing to accept for a product versus what they actually receive.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers.

Market Equilibrium

A situation in a market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price for the product or service.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, typically measured above the supply curve.