The PowerSki Jetboard Is Best Characterized as A(n)_____

question 7

Multiple Choice

The PowerSki Jetboard is best characterized as a(n) _____.

• A)service
• B)physical good
• C)component
• D)intangible item

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Definitions:

Marginal Revenue

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

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, typically downward-sloping.

Marginal Revenue

The additional income earned by producing and selling one more unit of a product or service.