In the Short Run, Which Are Most Important in Determining

question 27

Multiple Choice

In the short run, which are most important in determining changes in output?

• A)marginal costs and revenue 
• B)total costs and revenue 
• C)average costs and revenue 
• D)fixed costs

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Definitions:

Timeframe

A timeframe refers to the specific period during which an event occurs or is planned to take place, often used in planning and scheduling contexts.

Required Rate Of Return

The lowest annual gain percentage that persuades individuals or firms to allocate resources to a particular security or project.

Market Rate Of Return

The average rate of return anticipated by investors in a particular market, benchmarked against existing interest rates or historical returns.

Dividend

A portion of a company's profits allocated by the board of directors to its shareholders.