Carrying Capacity Is

question 48

Multiple Choice

Carrying capacity is

• A)the maximum biomass an environment will produce.
• B)a function of distance decay.
• C)the maximum number of people that can be supported by available resources and technology.
• D)a reflection of cultural diffusion.

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Definitions:

Firm's Output

The total amount of products or services a company produces, measured over a specific period, typically indicating the company's productivity level.

Short Run

A period in economic analysis during which at least one input (like capital) is fixed, limiting the ability of the firm to adjust to changes in market demand or conditions.

Break-Even Point

The point at which total costs and total revenues are equal, meaning a business is not making a profit but also not incurring a loss.

Short Run

A period in which at least one factor of production is fixed, limiting the immediate capacity to adjust to changes in demand.