A Revision Block Should Include

question 6

Multiple Choice

A revision block should include:

• A)A description of the change that was made
• B)A revision number or letter
• C)The date of the change
• D)The name or initials of the person making the change
• E)All of the above

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Definitions:

Substitutes

Two goods for which an increase in the price of one leads to an increase in the demand for the other.

Complements

Two goods for which an increase in the price of one leads to a decrease in the demand for the other.

Budget Constraints

A representation of the trade-offs between different goods and services that a consumer can afford with their limited income.

Optimum

The most favorable condition or level for growth, reproduction, or efficiency, or the best or most efficient use of resources.