A Subject Directory Allows You to Search for Information by Selecting

question 74

True/False

A subject directory allows you to search for information by selecting lists of categories or topics.

---

Definitions:

Marginal Revenue

The additional income gained from selling one more unit of a good or service.

Total Cost

The sum of fixed costs and variable costs incurred by a business in producing a particular level of output.

Industry Equilibrium Price

The price at which the total quantity demanded by consumers equals the total quantity supplied by firms in an industry.

Perfectly Elastic

A situation in demand or supply where quantity demanded or supplied changes infinitely with any change in price.