The Amount by Which the Value of a Firm's Output

question 62

Multiple Choice

The amount by which the value of a firm's output exceeds the value of the goods and services the firm purchases from other firms is called

• A)profit.
• B)value added.
• C)markup rate.
• D)marginal cost.

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Definitions:

Existing Organisms

Living entities that currently inhabit the planet, encompassing a wide diversity of life forms from single-celled bacteria to multicellular organisms.

Environmental Changes

Alterations in the surrounding conditions of an environment which can be natural or induced by human activities.

Basic Units

Fundamental components or building blocks of a structure, system, or substance.

Specific Epithet

The second part of the name of a species; designates a specific species belonging to that genus.