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The Account Credited When Cash Is Received from a Customer

question 152

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The account credited when cash is received from a customer on account is:


Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production or resource.

Resource Price

The cost associated with acquiring a resource needed for production, such as labor, materials, or capital.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.

Marginal Revenue Product

The extra income produced by using an additional unit of a resource or input in the production process.

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