A Grocery Store Sells a Bag of Potatoes at a Fixed

question 76

Multiple Choice

A grocery store sells a bag of potatoes at a fixed price of $5.50.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:

Ultimate Concern

This term refers to a concept in existentialism and philosophy that highlights the most important or fundamental issue or value to an individual.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, often considered in terms of its effects on the organism or activity.

Umwelt

Refers to the world as it is experienced by a particular organism.

Meaninglessness

Describes a state or condition of lacking significance, purpose, or value.