It Is Advisable to Adjust Your Word Choice When Writing

question 60

Multiple Choice

It is advisable to adjust your word choice when writing or speaking, basing it on

• A)what experts sound like.
• B)the receiver's background.
• C)the most recent slang.
• D)what mood you're in.
• E)the style of a favorite writer or speaker.

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Definitions:

Economic Profits

Profits that exceed the opportunity costs of a firm, calculated as total revenues minus both explicit and implicit costs.

Long Run

A period during which all factors of production and costs are variable, and firms can enter or exit the industry.

Total Revenue

The gross revenue from selling products or services before deducting any costs.

Fixed Cost

Expenditures that do not change with the level of production or sales, such as rent, salaries, and insurance.