Instructions: Identify the Following Term(s)

question 7

Short Answer

Instructions: Identify the following term(s).
Vedas

---

Definitions:

Selling Price

The amount for which a product or service is sold to the customer.

Market Price

The current value at which an asset or service can be bought or sold in a marketplace.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Marginal Revenue

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