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Yuri Is Preparing for a Certification Exam in His Industry

question 20

Multiple Choice

Yuri is preparing for a certification exam in his industry and needs to study.However,he has a long commute for work each day where he's driving in crowded traffic.What form of digital communication would best help Yuri put this time to good use?


Definitions:

Profit Maximizing

The process by which a firm determines the price and output level that returns the greatest profit.

Marginal Revenue Curve

A graphical representation that shows the change in total revenue for every unit increase in the quantity of output sold.

Demand Curve

A graphical representation showing the relation between the price of a good and the quantity demanded by consumers.

Profit Maximizing

is a strategy where a firm decides on the quantity of production and price to maximize its profit.

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