Which Statement Best Describes the First Few Months of World

question 45

Multiple Choice

Which statement best describes the first few months of World War I?

• A)American forces drove Germany out of France and secured a favorable position.
• B)Germany hoped for a quick knockout blow but settled into a stalemate position.
• C)A German blitzkrieg effectively drove all Allied forces off the continent.
• D)French armies swept over their enemies and conquered western Europe.

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Definitions:

MR

Marginal Revenue, the additional income earned from selling one more unit of a good or service.

AVC

Average variable cost; the total variable costs divided by the quantity of output produced, illustrating cost per unit.

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for a business.

Variable Costs

Costs that vary directly with the level of production or output, such as materials and labor costs.