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When there is direct fighting between males, as in the case of elephant seals, then it is obvious that the one who wins is more physically fit. What the advantage to the peahen of of choosing the peacock with the brightest tail?
Money Incomes
The total amount of money earnings received by an individual or group before any deductions.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.
Firm's Total Output
The total amount of goods or services produced by a company during a specific period.
Derived Demand
The demand for a factor of production or intermediate good that arises from the demand for the final good or service it helps to produce.
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