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The IPAT Model States That the Key Factor in Environmental

question 5

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The IPAT model states that the key factor in environmental impact in


Definitions:

Techniques of Production

The methods and processes used by firms to produce goods and services efficiently.

Price of Output

The amount of money that a firm receives from the sale of goods and services it produces.

Price of Inputs

The cost associated with the resources used in the production of goods and services.

Marginal Cost

The cost added by producing one extra item of a product.

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