Evolution Was First Proposed by

question 1

Multiple Choice

Evolution was first proposed by

• A) The Ancient Greeks
• B) The Babylonians
• C) Erasmus Darwin
• D) Charles Darwin

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Definitions:

Marginal Cost

The increase in cost resulting from the production of an extra unit of a good or service.

Output Level

The total amount of goods or services produced by a business or economy during a specific period.

Profit Maximizing

The process by which a company determines the price and output level that generates the maximum profit.

Marginal Cost

The supplementary expense incurred from manufacturing one more unit of a good or service.