An Office Supply Store Sells a Ream of Printer Paper

question 84

Multiple Choice

An office supply store sells a ream of printer paper at a fixed price of $4.50.Which of the following is a term used by economists to describe the money received from the sale of an additional ream of paper?

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

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Definitions:

Wage And Tax Statement

A form, typically referred to as a W-2 form in the United States, that employers provide to employees detailing the employee's annual wages and the amount of taxes withheld from their paycheck.

Tax Liability Accounts

Financial accounts that track the amount of tax that a person or organization owes to the government.

General Checking Account

A type of bank account that allows for the deposit and withdrawal of funds for daily transactions.

Practice's Savings

Refers to the financial reserves or accumulated funds saved by a business or practice.