The Number of Employees in the Federal Bureaucracy Is About

question 22

Multiple Choice

The number of employees in the federal bureaucracy is about ________.

• A)10 million
• B)2)5 million
• C)5 million
• D)700,000
• E)1 million

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Definitions:

Marginal Revenue

The rise in income achieved by selling an extra unit of a product or service.

Price Searcher

A seller that determines the selling price of its product or service based on market conditions, demand, and competition, instead of adhering to a market dictated price.

Marginal Revenue

The additional revenue that a company receives from selling one more unit of a good or service.

Marginal Cost

The extra expense involved in making one more unit of a product or service.