Which of the Following Statements Describes a Major Difference Between

question 13

Multiple Choice

Which of the following statements describes a major difference between human-caused global change and global change that occurs naturally?

• A) Human-caused global change occurs more quickly, leaving organisms less time to adapt.
• B) Human-caused global changes are smaller in scale than naturally caused changes.
• C) Naturally caused global change occurs at only one place on Earth at a time.
• D) Naturally caused global changes are limited to the terrestrial habitats where humans live.

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Definitions:

Reservation Price

The maximum price a consumer is willing to pay for a good or service, or the minimum price a seller is willing to accept.

Market Price

The current value at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.

Perfect Price Discrimination

Perfect price discrimination occurs when a seller charges every consumer the maximum they are willing to pay, capturing the entire consumer surplus as profit.

Marginal Revenue

The additional revenue that a company gains by selling one more unit of a product or service.