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Which of the Following Accounts Is Increased by a Credit

question 142

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Which of the following accounts is increased by a credit entry?


Definitions:

Output

The total amount of goods or services produced by a company, industry, or economy in a given period.

Marginal Cost

The increase in cost that arises from producing one additional unit of a good or service.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product or service.

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