According to the Treaty of Brest-Litovsk

question 36

Multiple Choice

According to the Treaty of Brest-Litovsk

• A) the White Armies in Russia admitted defeat.
• B) Russia lost Poland and Finland.
• C) the tsar made peace with the Germans.
• D) Russia kept the Ukraine and some of the Baltic provinces.
• E) the French withdrew their troops from Poland.

---

Definitions:

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Competitive Industry

An industry characterized by many firms producing similar goods or services, where no single firm has a dominant market share.