One Result of the Second Continental Congress Was

question 1

Multiple Choice

One result of the Second Continental Congress was

• A)the adoption of the Declaration of Independence.
• B)a plan for the Boston Tea Party.
• C)a brief reconciliation with Britain.
• D)the decision to create thirteen colonies.
• E)increases in colonial taxes paid to England.

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Definitions:

Variable Costs

Costs that vary directly with the level of production.

Marginal Revenue

The increase in revenue that results from the sale of an additional unit of output.

Total Revenue

The total income received by a firm from the sale of its goods or services, calculated as the unit price multiplied by the quantity sold.

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at different prices during a specified time period.