Antonia's Instructor Told the Class That the Upcoming Midterm Exam

question 14

Multiple Choice

Antonia's instructor told the class that the upcoming midterm exam would include several essay questions and suggested that students create summaries to help them study. Antonia has never written a summary for this purpose and isn't sure what to do. Which advice would likely be MOST beneficial to Antonia as she prepares her first summary?

• A) Only write one draft of the summary because it is a study tool, not a graded assignment.
• B) Copy information directly from the textbook into the summary verbatim.
• C) Instead of writing complete sentences, use sentence fragments that summarize main ideas.
• D) Make connections between the main ideas and key supporting details.

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Definitions:

Demand Schedule

is a table that lists the quantity of a good that consumers are willing to buy at different price levels, showing the relationship between price and quantity demanded.

Marginal Cost

The cost of producing one additional unit of a product, reflecting changes in variable cost as output is adjusted.

Average Cost

The total cost of production divided by the number of goods produced, providing a cost per unit of output.

Marginal Revenue

The incremental revenue resulted from the sale of one more product or service unit.