A Simple Tree Community Consists of 4 Maples, 3 Oaks

question 23

Multiple Choice

A simple tree community consists of 4 maples, 3 oaks, and 1 alder. The Shannon-Wiener diversity of this community is

• A) 0.42.
• B) 0.97.
• C) 1.5.
• D) 3.
• E) not possible to calculate from the data given.

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Definitions:

Differentiated Product

A product that is distinct from its competitors because of features, branding, quality, or other attributes that make it unique in the eyes of consumers.

Purely Competitive Industry

An industry structure characterized by many small firms producing identical products with no single firm able to influence market prices.

Nonprice Competition

Strategies companies use to attract customers that do not involve changing the price of goods or services, such as advertising and product differentiation.

Demand Curve

A graphical representation showing the relationship between the price of a good and the amount consumers are willing to buy at various prices.