The Amount That an Additional Unit of a Factor Adds

question 163

Multiple Choice

The amount that an additional unit of a factor adds to a firm's total revenue is called:

• A) marginal revenue.
• B) marginal cost.
• C) additional revenue product.
• D) marginal revenue product.

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Definitions:

Tertiary Plane

A plane that is oriented to intersect or be parallel with the primary and secondary planes in a three-dimensional coordinate system.

Primary Datum

A reference point, line, or plane from which dimensions are measured in technical drawing or CAD modeling.

Secondary Datum

A reference point, line, or surface used in conjunction with primary datums to establish a part’s orientation or location for measurement and manufacturing.

Geometric Tolerances

Specifications on a technical drawing, denoted by symbols, that dictate the allowable deviation in the form, orientation, location, and profile of a part's features.