What Is Thought to Have Killed the Animals Found in the Burgess

question 7

Multiple Choice

What is thought to have killed the animals found in the Burgess Shale?

• A)global warming
• B)volcanic activity
• C)a mud slide
• D)fire
• E)an ice age

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Definitions:

Profit

The surplus amount after all expenses are deducted from the total income generated by a business or investment.

Price Discrimination

Charging different prices to different buyers for identical products.

Perfectly Price Discriminate

A situation where a seller charges each buyer their maximum willingness to pay, capturing all consumer surplus as profit.

Surplus

A condition where the supply of a product or service surpasses its demand at the existing price.