For a Price Taker,the Gain from Selling One More Unit

question 169

Multiple Choice

For a price taker,the gain from selling one more unit is

• A) its marginal cost.
• B) its sales price.
• C) its average variable cost.
• D) its average total cost.
• E) its average fixed cost.

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Definitions:

Innovator

An individual or organization that introduces new ideas, products, or methods, often leading the way for change and new trends.

Innovator

An individual or entity that introduces new ideas, products, or methods, often driving changes and advancements within a particular sector or society at large.

Early Adopter

An individual or group that uses or purchases new products, innovations, or technologies soon after they are launched, before being adopted by the majority.

Innovations

The introduction of new ideas, methods, or products, which bring about change and can drive progress in various fields, including technology, medicine, and business.