Lucy Has Recorded Her Weekly Lecture to Deliver to Her

question 80

Multiple Choice

Lucy has recorded her weekly lecture to deliver to her students in their online classroom. What is this type of business presentation called?

• A)an impromptu speech
• B)a webinar
• C)a briefing
• D)a keynote address

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Definitions:

Perfectly Competitive Firm

A company that operates in a market where there are many sellers and buyers, the product is homogeneous, and there is free entry and exit from the market.

MR (Marginal Revenue)

The surplus income obtained by selling an extra unit of a product or service.

MC (Marginal Cost)

The additional cost incurred by producing one more unit of a good or service, critical in determining the optimal level of production.

AVC (Average Variable Cost)

The cost of labor, materials, and other variable expenses divided by the quantity of output produced, excluding fixed costs.