Believing That the Merchant Class Was Responsible for Many of Japan's

question 49

Multiple Choice

Believing that the merchant class was responsible for many of Japan's problems,Yoshimune

• A)removed all government controls on businesses.
• B)encouraged entrepreneurial activities.
• C)created reforms that actually hurt larger businesses.
• D)created policies that actually hurt innovation.
• E)created policies that established a more regulated, monopolistic, and less inventive economic atmosphere.

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Definitions:

Marginal Revenue

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

Total Revenue

The overall amount of money generated by a business from its activities, such as sales of goods or services, before any expenses are subtracted.

Marginal Revenue

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

Marginal Cost

The increment in total pricing necessary for the creation of one more unit of any good or service.