When Taking Notes from a Book in the Library, You

question 3

Multiple Choice

When taking notes from a book in the library, you should

• A)take notes in the margin and highlight key points.
• B)avoid using graphs or charts.
• C)use the same techniques as you would in a class lecture.
• D)write a one-page summary of the material.

---

Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service.

Industry Supply Curve

A graphical representation showing the total quantity of a good or service that producers in an industry are willing and able to supply at different price levels.

Marginal Cost Curves

A graphical representation showing how the cost of producing one more unit of a good varies with the quantity of the good produced.

AVC

Average Variable Cost, which is the total variable costs divided by the quantity of output produced.