________ Is the Monetary Value That Is Received for Goods

question 150

Multiple Choice

________ is the monetary value that is received for goods sold, services rendered, and money received from other sources.

• A) Revenue
• B) Gross margin
• C) Net income
• D) Cost of goods sold

---

Definitions:

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, benefits, and other income sources.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, reflecting their preferences for combinations of goods.

Utility

A measure of satisfaction or benefit that consumers receive from consuming goods and services.

Equilibrium Position

The state in which market supply and demand balance each other, resulting in stable prices and quantities.