Matt and Marcy Are Twins

question 101

Multiple Choice

Matt and Marcy are twins. From this statement you can be certain that they are ________ twins.

• A) identical
• B) monozygotic
• C) fraternal
• D) conjoined
• E) polygenic

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Definitions:

Marginal Revenue

The additional income earned from selling one more unit of a product or service.

MR = MC

An economic principle stating that profit maximization occurs when marginal revenue equals marginal cost.

Profits

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain those activities.

Economic Effects

The influence of various factors, including policies, market shifts, and external events, on the economy's performance, structure, and behavior.