A Restaurant Sells a Large Soft Drink at a Fixed

question 19

Multiple Choice

A restaurant sells a large soft drink at a fixed price of $1.79.What is the term used by economists to describe the money received from the sale of an additional large soft drink?

• A)Marginal revenue
• B)Gross earnings
• C)Pure profit
• D)Net benefit

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Definitions:

Office Workers

Individuals who perform administrative or clerical tasks in an office setting, often using computers, telephones, and other office equipment.

Industrialized Countries

Nations characterized by high levels of industrial activity, technological advancement, and higher standards of living.

Unionized

Refers to workers who are members of a union, an organization that represents employees in negotiations with employers over wages, benefits, and working conditions.

Paid Vacation Days

Days allotted to employees during which they are paid their usual salary while not required to work, often for rest and recreation.