Provide an Appropriate Response

question 87

True/False

Provide an appropriate response.
-Earthquake strength is described in decibels, the loudness of sounds is described in
pH, and the acidity of household cleansers is described by magnitudes.

---

Definitions:

Total Revenue

Total Revenue refers to the total receipts from sales of goods or services that is calculated by multiplying the price per unit by the number of units sold.

Profits

The financial gain that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.

Short-Run Equilibrium

A state in a market or economy where supply and demand are balanced but can change due to short-term fluctuations.