Which of the Following Places the Events in Correct Chronological

question 115

Multiple Choice

Which of the following places the events in correct chronological order, from earliest to latest?

• A) First frogs, earliest fossil flowering plants, Permian extinction
• B) First frogs, Permian extinction, earliest fossil flowering plants
• C) Earliest fossil flowering plants, first frogs, Permian extinction
• D) Permian extinction, first frogs, earliest fossil flowering plants
• E) Permian extinction, earliest fossil flowering plants, first frogs

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Definitions:

Marginal Revenue

Marginal Revenue is the increase in revenue resulting from the sale of one additional unit of a product or service.

Marginal Cost

The financial impact of manufacturing an additional unit of a product or service.

Profit Maximization

A company's objective to make the most amount of profit possible with its current resources and market conditions.

Competitive Firm

A company that operates in a market with many buyers and sellers, where each has a negligible effect on the market price.