Examlex

Solved

Identify the Letter of the Choice That Best Matches the Phrase

question 59

Multiple Choice

Identify the letter of the choice that best matches the phrase or definition.
-Defines the appearance and shape of the letters,numbers,and special characters.


Definitions:

Marginal Revenue

The additional income from selling one more unit of a good; sometimes equals the price of the good.

Marginal Cost

The additional cost incurred from manufacturing or producing one more unit of a specific product or service.

Profit Maximizing

A financial strategy or goal of businesses to achieve the highest possible profit, where marginal revenue equals marginal cost.

Marginal Revenue

The additional revenue a firm gains from selling one more unit of a good or service.

Related Questions