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Consider the following argument by analogy. Gorillas and chimpanzees are both primates.
Gorillas like to eat fruit.
Chimpanzees like to eat fruit. What inductive generalization is implied in this argument?
Total Revenue
The aggregate revenue a corporation generates from the sale of goods or provision of services in a designated period.
Marginal Revenue
The extra revenue obtained by selling an additional unit of a product or service.
Demand Schedule
A table that lists the quantity of a good that consumers are willing to purchase at various prices.
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