Which of the Following Is the Least Relevant to the Concept

question 23

Multiple Choice

Which of the following is the least relevant to the concept of threshold?

• A) Movie theaters have different thresholds for different sizes of theatres.
• B) Large supermarkets need to be in an area where at least 25,000 people can get there within 15 minutes.
• C) A department store also has gas stations.
• D) Analysis is performed to determine average travel times to different parts of the city.
• E) A survey is conducted to understand what the average income is of nearby neighborhood.

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Definitions:

Marginal Revenue

The boost in income achieved by selling an additional unit of a good or service.

Monopolies

Monopolies exist when a single company or entity has exclusive control over a particular market or industry, potentially leading to higher prices and lower-quality products or services due to lack of competition.

Supply Curve

A graph showing the relationship between the price of a good and the amount of it that suppliers are willing to sell, normally upward sloping due to the law of supply.

Marginal Cost

The price tag attached to producing one more unit of a product or service.