An Estuary Is Important Because It Is a Partially Enclosed

question 12

True/False

An estuary is important because it is a partially enclosed area where seawater mixes with freshwater and nutrients from rivers,streams,and runoff from land.

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Definitions:

Accounting Profits

The difference between total revenue and explicit costs of a business, calculated using principles of accounting.

Economic Profits

The surplus left after total costs (including both explicit and implicit costs) are subtracted from total revenues.

Short-Run Marginal Costs

Costs associated with producing one more unit of a good or service in the short term, where some inputs are fixed.

Market Price

The current price at which an asset or service can be bought or sold in the open market.