A Sudden Drop in the Average Consumer Income Would Be

question 85

Multiple Choice

A sudden drop in the average consumer income would be an example of which environmental force?

• A) economic
• B) competitive
• C) technological
• D) social
• E) regulatory

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Definitions:

Marginal Revenue

Marginal revenue is the additional income that is gained from selling one more unit of a good or service.

Marginal Cost

The change in the total cost that arises when the quantity produced is incremented by one unit.

Writing Skills

The ability to express ideas clearly and effectively through written language.

Well-written Document

A document that is clearly, accurately, and effectively articulated, often adhering to specific formatting and stylistic guidelines.