The Battle of Midway Proved That the Key to Victory

question 62

Multiple Choice

The Battle of Midway proved that the key to victory in the Pacific Ocean was

• A) holding the Philippine Islands.
• B) aircraft carriers.
• C) the base at Pearl Harbor.
• D) the atomic bomb.
• E) short supply lines.

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Definitions:

Instant Millionaires

Individuals who quickly achieve a net worth of one million units of currency, often as a result of entrepreneurship, investment, or winning a lottery.

MC

Marginal Cost; the cost of producing one additional unit of a product.

ATC

Average Total Cost is determined by dividing the overall production cost by the number of units produced.

MR

In economics, Marginal Revenue is the additional income received from selling one more unit of a good or service.