The Figure Above Demonstrates the

question 16

Multiple Choice

The figure above demonstrates the

• A)effects of genetic drift in small populations.
• B)relationship between population size and the effects of selection.
• C)relationship between population size and the effects of mutation.
• D)relationship between population size and effective population size.
• E)relationship between population size and the effects of migration.

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Definitions:

Long-Run Average Total Cost Curve

A curve that shows the lowest possible cost of producing different levels of output when all factors of production, including capital, can be varied.

Unit Costs

The investment required by a company to develop, keep, and trade one instance of a specific product or service.

Plant Size

Plant size refers to the capacity or physical extent of a manufacturing or production facility, which impacts its output and efficiency levels.

Minimum Efficient Scale

The smallest level of production at which a firm can achieve the lowest long-run average total cost, underscoring economies of scale.