What Is the Simplest Way to Describe Biodiversity

question 11

Multiple Choice

What is the simplest way to describe biodiversity?

• A) It is simply all the animals of the rainforest
• B) It is all the bacteria and animals of the tropical biomes
• C) It is the number of species found in a defined geographic unit
• D) It is the percentage of rare species in a defined geographic unit

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Definitions:

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, keeping other inputs constant.

Value of Marginal Product

The additional revenue generated by employing one more unit of a factor of production, such as labor.

Marginal Product

The increase in output resulting from a one-unit increase in the input of a production factor, holding all other inputs constant.

Marginal Cost

The increase in total cost that arises from an extra unit of production.