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When Students Enter a Class, They Tend to Spread Themselves

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When students enter a class, they tend to spread themselves out (provided there are enough desks to do so) . In biological terms, this effect would be


Definitions:

Short-Run Profit

The profit earned by a firm in the short term, typically considering only variable costs and fixed costs remaining constant.

Market Price

The existing rate at which a commodity or service is offered for buying or selling in a marketplace.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses.

Shut-Down Price

The price at which a firm ceases production in the short run because the market price has fallen below the minimum average variable cost.

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