Consumer and producer surplus measure the net benefit rather than the total benefit.
What is consumer and producer surplus?Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
When consumer surplus is shown on the demand curve, it is a triangular area between the price of the good and the highest amount consumers are willing to pay for the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
When consumer surplus is added to producer surplus, the result is total surplus
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The french physician jean nicot was successful in curing blank______ of catherine de medici, queen of henry ii of france, which made tobacco use popular.
The French physician Jean nicot was successful in curing migraine headaches of Catherine de Medici, queen of henry ii of France, which made tobacco use popular.
A migraine headache frequently starts off as a throbbing sensation before becoming dull. Usually, it gets worse as you exercise. The pain may be in the front of your head, travel from one side of your head to the other, or feel as though it is pervasive throughout your brain.
The average duration of a migraine attack is 4 hours, although more severe cases can continue for up to 3 days. Everyone experiences them differently, but two to four headaches each month are typical.
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Alyssa's custom cakes currently sells birthday, wedding, and specialty cakes each month for $, $, and $ each, respectively. alyssa's current multifactor productivity ratio is:________
Alyssa's Labor Productivity Ratio for Birthday Cake is thus $30 per hour.
According to the Question,
In order to calculate labor productivity ratio for birthday cakes,
CALCULATION OF THE RATIO
We are Given the following details.
Birthday cake revenue is equal to 4 x 45, or $180.Wedding cake revenue is equal to 2 x 155, or $ 310.2 times $100 equals $200 in revenue from speciality cakes.
180+310+200 is $690 in total revenue (output).Multifactor productivity is set to 1.30.
Output / Input = Multifactor Productivity
1.30 = 690/InputInput = 690/1.30Input = $ 530.76923Consequently, the price to produce 8 cakes is $530.76923.
530.76923 / 8 is the average cost of creating each cake.Each cake costs, on average, $ 66.35 to make.
$50 is the labour cost.
Cost of each birthday cake = $45Birthday cake production takes 90 minutes or 1.5 hours.
Birthday cake labour productivity ratio equals output multiplied by the cake's price (Time to produce a birthday cake)
Birthday cake labour productivity ratio
= 45 / 1.5 = 30Therefore, Alyssa's Labor Productivity Ratio for Birthday Cake is thus $30 per hour.
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Correct Question - Alyssa's Custom Cakes currently sells 4 birthday, 2 wedding, and 2 specialty cakes each month for $45, $155, and $100 each, respectively. Alyssa's current multifactor productivity ratio is 1.30. a. Assuming each cake costs the same to make, the average cost to produce a cake is $ 66.35 per cake. (Enter your response rounded to two decimal places.) b. If the cost of labor is $50 per hour (including benefits) and it takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake, and 60 minutes to produce a specialty cake, what is Alyssa's labor productivity ratio in dollars per hour for each type of cake? Alyssa's labor productivity ratio for birthday cakes is $ per hour.
In a diversified company, the competitive advantage potential of cross-business strategic fit is greater when?
In a diversified company, the competitive advantage potential of the cross-business strategic fit is greater when there is strategic alignment.
In a diversified company, the potential for competitive advantage of strategic alignment across businesses is bigger when the business mix includes variety of money cows. A diversified company that uses the strategic alignment of its related businesses for competitive advantage. it's a transparent path to achieving 1 + 1 = 3 synergistic gains in shareholder value. Their value chains have competitively valuable business-to-business relationships. The ability to spread business risk across truly diverse businesses (compared to related diversification, which is restricted to spreading risk only among businesses that are strategically appropriate). the flexibility to create the foremost of the company's financial resources by investing in any industry/business that provides the most effective prospects for profit One adaptation-based strategic approach to related diversification would be to diversify into new industries that represent opportunities to mix the worth chain activities of two or more businesses to cut back costs.
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Broker jones has received a $2,000 earnest money check made payable to the escrow company. the check should be entered in which one of the following dre record keeping forms?
The place where the check should be entered is that the check should be entered into Record of All Trust Funds Received.
How does a broker operate?A broker acts as a middleman between those looking to invest and trade and the exchange where those transactions are carried out. Because stock markets require licenses for persons who conduct trades on the exchange, you need a broker. A broker is someone you engage to purchase stock on the stock exchange for you.
In this case, it should be noted that the check should be entered into Record of All Trust Funds Received. It should be noted that the check should not be placed in Broker's Trust Account. This is also known as as the DRE record keeping form 4524.
Therefore, the place where the check should be entered is that the check should be entered into Record of All Trust Funds Received.
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With specific goals and objectives for the population it serves, each snp is required to develop a?
With specific goals and objectives for the population it serves, each snp is required to develop a MODEL OF CARE.
What is SNP model of care?
SNP Care Model (MOC) A coordinated care plan for Medicare Advantage (MA) is known as a special needs plan (SNP). (CCP) that is intended to provide focused care and restrict enrollment to people with exceptional needs.
Which of the following are the types of Special Needs Plans (SNPs)?
All Special Needs Plans (SNPs), regardless of plan type, involve a contracted network of providers because they are either HMOs or PPOs.
What is a special needs plan SNP?
All Special Needs Plans (SNPs), regardless of plan type, involve a contracted network of providers because they are either HMOs or PPOs. True. Each SNP is obliged to create a: Model of Care with particular aims and objectives for the population it serves.Learn more about special needs plan SNP
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I read a review for an exciting new japanese restaurant that's opening downtown this saturday. Every friday, she closes the store after she arranged the mannequins in the window to display the new merchandise
Both sentences have grammatical errors.
Grammatical errors refer to mistakes carried out in the subject-verb agreement, tense, preposition, conjunctions, sentence construction, and so on.
In sentence 1, we have a preposition error and a tense error. 'For' should be replaced by 'of.' 'Opening' will be changed to 'opened' since the review can only be written after the opening of the restaurant. Thus, the restaurant opening must have already happened. Thus, past tense should be used.
In the second sentence, the tense is wrong. A daily action has been mentioned. Thus, simple present tense should be used. 'Arranged' should be replaced with 'arrange.' Since the subject is singular, we will take the word 'arranges.'
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The complete question is given below:
Which sentence has a grammatical or spelling error?
1. I read a review for an exciting new Japanese restaurant that's opening downtown this Saturday.
2. Every Friday, she closes the store after she arranged the mannequins in the window to display the new merchandise.
3. Both are correct
__________ is buying products from another country.
a. outsourcing
b. importing
c. retailing
The correct answer is (b) importing.
Importing is buying products from another country.
What exactly is an import?An import is a good or service that is bought in one country but produced in another. Imports and exports are the two fundamentals of global markets if a nation's imports are more than its exports in value.
Free-trade agreements and a reliance on imports from nations with less expensive labor frequently appear to be the main causes of the reduction in manufacturing jobs in the importing country.
Free trade makes it easier to import products and raw materials from regions with less expensive labor costs, which lessens the need for domestically produced items. Between 2000 and 2007, the effects on manufacturing jobs were noticeable, and the Great Recession and the subsequent slow recovery only made matters worse.
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Lawyers inc. accepted a $12,000 retainer for which the company agreed to provide services in the future. recognizing this event would:_______
If Lawyers inc. accepted a $12,000 retainer for which the company agreed to provide services in the future. recognizing this event would: defer the recognition of revenue, cause the company's assets to increase, cause the company's liabilities to increase.
What is deferred revenue?Deferred revenue can be defined as the money or cash a company received for goods and services that was paid in advance by customers in which the service is to rendered to the customer in the future.
Hence, if the company received the amount of $2000 for a service they will provide in the future which means that recognizing this event would defer the recognition of revenue, Cause the company's assets to increase and as well cause the company's liabilities to increase.
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defer the recognition of revenue
cause the company's assets to increase
cause the company's liabilities to increase
In practice, most companies list accounts on their trial balance in alphabetical order. True or false?.
The given statement is false. In practice, most companies don't list accounts on their trial balance in alphabetical order.
What is trial balance?
A trial balance is a list of every general ledger account in a company's ledger. Each nominal ledger account's name and current balance amount will be listed in this list. In each nominal ledger account, there will be a debit balance or a credit balance.
Most businesses put them in this order:
AssetsLiabilitiesEquity of StockholderDividendsRevenues, andExpensesTo know more about trial balance, go to URL
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The major factor in investors' ability to finance the new industrial system was ______.
Answer:
Unite workers across ethnic, racial, and gender lines
Explanation:
Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as _____ planning.
Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as tactical planning.
What is planning?Planning can be described as the process of thinking which is been used in the preparation of activities that is required to achieve a desired goal.
It should be noted that Planning is based on foresight as well as the the fundamental capacity for mental time travel, hence Preparation of quarterly and semiannual plans by personnel such as the general sales manager or advertising director would be classified as tactical planning.
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This component of the opportunity analysis addresses the role of the community, region, nation, and world relative to your business?
This component of the opportunity analysis addresses the role of the community, region, nation, and world relative to business environmental analysis.
What is community?
A community is a social group of individuals who share a common characteristic, such as a common government, location, culture, or heritage. A community is the main interest of a particular group.
The term “environmental analysis” refers to identifying the variation in society. The primary roles are business-to-opportunity analysis using technology, community, nation, and region.
As a result, the opportunity analysis the role of the community, region, nation into the business is called the environment analysis.
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Economic policy changes that promote private sector development, competitive markets, market-pricing, freer trade, and deregulation is (are) called economic?
Economic policy changes that promote private sector development, competitive markets, market-pricing, freer trade, and deregulation is (are) called "economic reforms"
What is Economic Policy?
The systems for determining tax rates, government spending, the money supply, and interest rates, as well as the labor market, national ownership, and many other areas of government interventions in the economy, are all included in the concept of the economy of governments. The majority of economic policy elements fall into one of two categories: monetary policy, which deals with central bank activities related to the money supply and interest rates, or fiscal policy, which deals with government actions related to taxation and spending. international entities like the World Bank and the International Monetary Fund, as well as political ideologies and the ensuing party policies, frequently have an impact on such policies.
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Which dimensions should a marketer consider when dealing with the human aspect of distribution channels?
Dimensions that a marketer should consider when dealing with human aspect of distribution channels are communication, conflict, roles, and power. Conflict arises when one marketing channel participant believes that the acts of another participant have prevented him or her from achieving his or her objectives. Power is the ability of one channel member to command or shape the actions of another channel member (s). A role is a set of guidelines that specify how a positioning member should behave. Members of the channel engage in communication activities that produce an information flow within the channel, which is required for an effective movement of goods or services throughout the channel.
The people, businesses, and initiatives that make products and services accessible to consumers are referred to as marketing channels. From the moment of production to the point of consumption, ownership of the commodities is transferred. Trade exhibitions, business gatherings, and targeted email is the example of marketing channels.
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Auditing ______ indicate auditors must verify the inventory balance stated on the financial statement is correct and an auditing ______ is to do a physical count of inventory items.
Auditing standards indicate auditors must verify the inventory balance stated on the financial statement is correct and an auditing procedure is to do a physical count of inventory items.
What is auditing?
"Independent examination of financial information of any entity, whether profit-oriented or not, irrespective of its size or legal form when such examination is performed with a view to offer an opinion thereon" is what is meant by an audit.
A physical inventory check is followed by an auditor's review or inspection of various books of accounts to ensure that all departments are using the same documented system of documenting transactions. It's done to make sure the organization's financial accounts are accurate.
Therefore,
Auditing standards indicate auditors must verify the inventory balance stated on the financial statement is correct and an auditing procedure is to do a physical count of inventory items.
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Under normal conditions, air management increases your work time, but if you are lost or trapped, it:_______
Air management - Increases the amount of time you can survive before escaping or being rescued
What is air management?
Our air management systems' main duties include controlling cabin temperature and air conditioning, bleed air for engines, fuel tank inerting, cabin pressurisation and control, ventilation, ice protection, and liquid cooling.
We provide cutting-edge air management solutions that make flying safe, healthy, and comfortable. A wide variety of fixed-wing and rotary-wing commercial and military aircraft are equipped with electric and pneumatic systems.
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Current market prices reflect all information contained in past price movements. this statement is consistent with: ______
a) strong form efficiency
b) semistrong form efficiency
c) weak form efficiency
Current market prices reflect all information contained in past price movements. this statement is consistent with weak form efficiency
Market efficiency is the degree to which current prices accurately represent all pertinent and available information regarding the true worth of the underlying assets. Since all information that is available to traders is already factored into the market price, a truly efficient market makes it impossible to outperform the market.
Market efficiency states that prices reflect all information at any one time about a specific stock or market. An informationally efficient market is one in which the current price of a stock has taken into account all available information about that stock.
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financial accounting primarily deals with the methods accountants use to provide information to an organization’s internal users.
Financial Accounting primarily deals with the methods accountants use to provide information to an organization’s internal users is false.
The basic role of Financial Accounting is to allow outsider to assess the value of an association.
Financial Accounting is a specific piece of accounting including a course of recording, summarizing, and enumerating the bundle of trades coming about in view of business undertakings all through some unclear time span.
The structure directs the guidelines, cycles, and norms for monetary recordkeeping.
These exchanges are summed up in the readiness of fiscal summaries, including the balance sheet, pay proclamation, and income explanation, that record the organization's working exhibition over a predetermined period.
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Explain how the work done by lister and semmelweis supports the germ theory of disease.
The idea that human diseases can arise from infection. First noted by Pasteur and supported by Robert Koch.
Lister was the person to introduce the aseptic techniques that would decreases microbes in the medical setting and reduces wound infections.
Semmelweis considered that women who gave birth with a physicians help were dying more from fevers than with mid-wives help. He then tried the concept of washing hands with chlorine solution after finishing autopsies and returning to the birthing wards.
He assumes the infection rates becomes 1% which was less than the mid-wives.
What is germ theory of disease explain?
The germ theory of disease assumes that many diseases are caused by microorganisms such as bacteria, viruses, protozoa, or fungi. These diseases are occur by the develop and repetition of microorganisms. The germ theory of disease was devised by Louis Pasteur.
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Economists use the term ______ to refer to a situation in which the market on its own fails to produce an efficient allocation of resources.
Market failure refers to the inefficient distribution of items and services in the free market.
Market failure happens when persons performing in rational self-interest produce a less than greatest or economically inefficient outcome. Market failure can occur in explicit markets the place items and offerings are bought and offered outright, which are notion of as standard markets
What are the consequences of market failure?Market dominance with the aid of monopolies can lead to under-production and higher fees than would exist below conditions of competition, inflicting purchaser welfare to be damaged. Factor immobility motives unemployment and a loss of productive efficiency.
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The leading states in commercial red meat production (or the packing industry) are mostly in the Central Plains and Midwest, close to the majority of the livestock.
What do you mean by packing industry?Planning, developing, producing, wrapping, boxing, or bottling products for consumer, industrial, and military sectors is known as packaging. In reality, almost every industry and production facility in the United States depends on the packaging sector.Various businesses, including those in the food and beverage, cosmetics, and healthcare sectors, utilise packaging solutions. Due to its benefits, including durability and a long shelf life, packaging has become quite popular across a variety of industries. The sector has a 2019 market value of about $ 917 billion and is expected to increase at a CAGR of 2.8% to reach $ 1.05 trillion by 2024. Emerging in both science and engineering, packaging is a successful contributor to sectors including electronics, FMCG, and pharmaceuticals.Learn more about packing industry here:
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Within the relevant range of activity, _____costs remain constant in total. multiple choice question.
a. variable
b. fixed
c. both fixed and variable
d. neither fixed nor variable
Within the relevant range of activity, fixed costs remain constant in total. multiple choice question.
What is fixed costs?The phrase "fixed cost" describes a cost that stays the same regardless of how many products or services are produced or sold. Fixed costs are outlays that a corporation must cover regardless of any particular business operations.
As a result, fixed costs are typically indirect because they don't affect how a company produces any goods or services. In general, businesses might have either fixed expenses or variable costs, which add up to their overall costs. Shutdown points are generally used to cut back on fixed costs.
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When a company is the first to market with a competitive advantage, this is called a first-mover advantage. all of the following companies were first-movers except ________.
With the exception of Microsoft's Bing search engine, all of the following businesses were pioneers.
How Does First-Mover Advantage Work?
Simply put, a first-mover advantage is a company's capacity to outperform its rivals as a result of being the first to market in a new product area. We believe it is important to distinguish between long-lasting first-mover advantages and those that are fleeting. Long-lasting first-mover advantages increase a firm's market share or profitability over time. Although no advantage lasts forever, businesses who are successful in establishing long-lasting first-mover advantages frequently dominate their product categories from a market's infancy to its mature stage for many years. Both the importance and endurance of early success are well demonstrated by Coca-Cola in soft drinks and Hoover in vacuum cleaners.
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In determining whether there has been a violation of position limits, short puts will be aggregated with? i short calls ii long calls iii long puts
Short puts will be combined with short calls to determine if position limits have been violated.
So, option i) short calls is the correct answer.
position limit is a restriction on the number of derivative contracts that a trader or linked group of traders may hold, such as options or futures contracts. The US Commodity Futures Trading Commission and/or the exchange where the specific contracts are traded set this ceiling. A single investor or a group of investors cannot invest more than that amount. A position limit prevents any one trader or group of traders from holding a significant number of contracts for a given security. This limitation inhibits market price manipulation.
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The sales department needs to rely on information from operations to understand __
The sales department needs to rely on information from operations to understand inventory, place customer orders, and forecast consumer demand.
What does the sales department do?Marketing a company's products and services is the responsibility of the sales department. The division includes a sales staff that collaborates to close deals, raise profits, and establish and maintain connections with clients to promote repeat business and brand loyalty.
Any firm needs its sales department to function effectively. It serves as the key link between clients and a business, item, service, or brand. Conversions, or occasions where customers perform an action that the organization wants, are increased by a strong sales force.
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What is the yield on a 10-year zero-coupon bond with a par value of $1,000 if it is purchased for $490?
3.11% is the yield on a 10-year zero-coupon bond with a par value of $1,000 if it is purchased for $490.
What is zero-coupon bond?Bonds with zero coupons do not accrue interest during their entire lifespan. Rather, buyers of zero coupon bonds pay a significant discount over the bond's face value, which is the sum they will be paid when the bond "matures" or becomes due.
Bonds with no coupon typically have lengthy maturity dates; many take ten, fifteen, or even more years to reach their final maturity. These lengthy maturity dates enable a shareholder to budget for a long-term objective, like paying for a child's college tuition. A small amount of money that will grow over many years can be put up by an investor with the deep discount.
Zero coupon bonds of various types, issued by a variety of issuers, are available for purchase by investors in the secondary markets.
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At the beginning of the conversation, norio wants to discuss sushi with michael, but michael is more interested in getting the contract signed. Based on what you’ve learned about global management, it seems michael was not cognizant of norio coming from a.
Based on global management, it seems Michael was not cognizant of Norio coming from a high-context culture.
What is global management?Global management can be defined as an international business practice in which a business organization (company) utilizes its employees (management team) and resources to carry out its business on an international level.
What is a high-context culture?A high-context culture can be defined as a type of cultural communication in which the people focuses on underlying context and situational cues, meaning, nonverbal cues, and tone of a message, rather than just the words themselves when communicating with others.
In this context, we can reasonably infer and logically deduce that it seems Michael was not cognizant of Norio coming from a high-context culture because he is exhibiting low-context culture characteristics, by being more interested in signing a contract.
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Complete Question:
At the beginning of the conversation, Norio wanted to discuss sushi with Michael, but Michael is more interested in getting the contract signed. Based on what you've learned about global management, it seems Michael was not cognizant of Norio coming from a ______.
Divya purchased a glass baking dish manufactured by anchor hocking glass. Anchor hocking manufactures its glassware in ohio and distributes its products nationally. She purchased the dish at thrifty drug store in mesa, arizona. When divya removed the baking dish from her oven while making a casserole, the dish exploded and divya was injured. Divya's attorney wants to bring a product liability lawsuit against anchor hocking in arizona. Anchor hocking does not believe it can be forced to defend a lawsuit in arizona since it has no offices there. The arizona courts will be permitted to take in personam jurisdiction over anchor hocking glass for all of the following reasons except:______.
a. anchor hocking glass distributes its products nationally. b. the evidence and plaintiff are in arizona. c. it is fair to require anchor hocking glass to defend a suit in arizona since its products are there.
The correct answer is (c) it is fair to require anchor hocking glass to defend a suit in arizona since its products are there.
What is jurisdiction?A legal authority's boundaries are referred to as its jurisdiction. It can be used to describe geographical and political areas as well as the categories of legal issues that fall under the purview of a particular legal authority. Courts, political or administrative offices, and in many cases, law enforcement agencies all fall under the category of formally sanctioned legal bodies. A legal body that is in charge of a particular area of law has the power to carry out justice there.
In the legal system, subject matter, territorial, and in personam jurisdiction are the three main forms. If a court lacks the required authority.
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A corporation is a complex business compared to a sole . the process of filing all applicable legal documents to register a corporation with the government is known as :_________
The process of filing all applicable legal documents to register a corporation with the government is known as incorporation.
Articles of incorporation is a set of formal documents which are filed with any government body to legally document the creation of a corporation.
Articles of incorporation commonly contain some pertinent information such as the name of firm, street address or the agent for service of process and the amount and type of stock to be issued. The articles of incorporation are generally used to legally form the corporation.
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Answer:
A corporation is a complex business compared to a sole "proprietorship". The process of filing all applicable legal documents to register a corporation with the government is known as "incorporation"
Explanation: knowledge
_______________ is the goal that assumes the global economy can achieve balanced economic conditions while maintaining a sustainable, living, planet.
The objective of ecological balance is based on the assumption that a balanced world economy is possible.
What is ecological balance?
Ecology is the name given to the science of examining ecosystems. A number of online dictionaries define ecological balance as "a state of dynamic equilibrium within a community of animals in which genetic, species, and ecosystem diversity remain generally stable, subject to progressive changes through natural succession." "A stable equilibrium in the numbers of each species in an ecosystem" is also a requirement.
The preservation of an ecosystem's natural equilibrium is the fundamental consideration. This equilibrium could be upset by the introduction of new species, the sudden extinction of some species, natural disasters, or man-made causes.
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