Which of the Following Is a Store of Value and a Common

question 168

Multiple Choice

Which of the following is a store of value and a common medium of exchange?

• A) corporate bonds
• B) stocks
• C) checking account balances
• D) debit cards

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Definitions:

Zero Marginal Cost

Zero marginal cost describes a situation where producing one additional unit of a good or service does not increase the total cost of production.

Fixed Cost

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, which are incurred regardless of the quantity produced.

Patent

A legal right granted by a government to an inventor, giving the holder exclusive rights to use, sell, and manufacture the invention for a certain period of time.

Zero Marginal Cost

A situation where producing one additional unit of a good or service does not increase the total cost of production.