Which of the Following Items Would Be Considered a Facilitating

question 20

Multiple Choice

Which of the following items would be considered a facilitating product?

• A) The automobiles washed by the car wash
• B) The suits being cleaned by the dry cleaner
• C) The tools used to fix your car at an auto shop
• D) All of these

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a particular price over a given period of time.

Marginal Revenue

The extra revenue gained by the sale of an additional unit of a product or service.

Total Revenue

The total amount of income generated by the sale of goods or services by a company.

Average Cost

The total cost of production divided by the quantity of output produced, representing the cost per unit of output.