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Explain how density independent and density dependent factors differ in their effects on mammalian populations.
Total Revenue
The total amount of money received by a firm from selling its goods or services.
Total Cost
The complete amount of money required for the production of a given level of output, including both fixed and variable costs.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, representing the profits that exceed normal expected profits.
Marginal Revenue
The surplus earnings generated by the sale of one extra unit of a product or service.
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