What Is the Definition of Biotic Potential

question 17

Multiple Choice

What is the definition of biotic potential?

• A) a relatively slow (lag) population growth
• B) maximum growth rate under ideal conditions
• C) maximum population the environment can sustain
• D) the birthrate or natality
• E) the death rate or mortality

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Definitions:

Pareto Optimal Allocation

An economic state where resources are allocated in such a way that it is impossible to make any individual better off without making at least one individual worse off.

Utility Function

A mathematical representation of how a series of choices align with an individual's preferences, used in economics to model satisfaction or happiness.

Initial Endowment

The initial set of assets, goods, or resources that an individual or entity possesses prior to participation in an economic exchange or process.

Units of Quiche

Specific portions or quantities of quiche, often used in the context of production or sales.