For a Price Taker,the Sales Price Is Equivalent to the ________

question 48

Multiple Choice

For a price taker,the sales price is equivalent to the ________ of selling one more unit.

• A) benefit
• B) marginal cost
• C) fixed cost
• D) average total cost
• E) total cost

---

Definitions:

Social Status

An individual's or group's position within a hierarchical society, which can be determined by wealth, occupation, education, or family lineage.

Genetic Endowment

The genetic inheritance passed from parents to offspring, determining various biological characteristics and predispositions.

Conflict Theorists

Scholars who view social life as a competition, and focus on the distribution of resources, power, and inequality.