A Grocery Store Sells a Bag of Potatoes at a Fixed

question 128

Multiple Choice

A grocery store sells a bag of potatoes at a fixed price of $2.30.Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes?

• A)marginal revenue
• B)gross earnings
• C)pure profit
• D)marginal costs
• E)net benefit

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Definitions:

Predictability

The ability to accurately forecast the future occurrence or behavior of an event based on current or past data.

Conditioned Stimulus

A stimulus that was once neutral but triggers a conditioned response after being associated with an unconditioned stimulus.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, which can become a distressing disorder when excessive.

Unconditioned Stimulus

In conditioning, a stimulus that naturally and automatically triggers a response without prior learning.