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The following questions refer to the evolutionary tree in Figure 22.4,whose horizontal axis represents time (present time is on the far right) and whose vertical axis represents morphological change.
Figure 22.4
-Which conclusion can be drawn from this evolutionary tree?
Marginal Profit
The increase in profit that results from selling one additional unit of a product or service.
Technological Progress
The development and application of innovative techniques, machinery, and software to improve efficiency, productivity, and products.
Marginal Product
The extra production created by the inclusion of an additional unit of a certain input, while keeping all other inputs unchanged.
Female Employment
The participation of women in the workforce or labor market.
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