Hector Rameriz Received Three A's and One B in His

question 23

Multiple Choice

Hector Rameriz received three A's and one B in his college courses. What is his grade point average? Assume each course is three credits. A = 4, B = 3, C = 2, D = 1.

• A)3.0
• B)3.25
• C)3.75
• D)3.80
• E)None of these

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Definitions:

Profit-Maximizing Price

The price at which a company can sell its product or service to achieve the highest possible profit.

ATC

Average Total Cost, which is calculated by dividing total costs by the quantity of output produced.

MC

Marginal Cost, the increase in total cost that arises from an extra unit of production.

MR

Marginal Revenue, the additional income generated from selling one more unit of a product or service.