If Consumers Do Not Pay Off Their Entire Credit Card

question 91

Multiple Choice

If consumers do not pay off their entire credit card balance,they will

• A) have to pay interest on the total paid and unpaid amount.
• B) receive interest on the paid amount.
• C) have to pay interest on the unpaid amount.
• D) get a rebate from the card issuer.
• E) have the purchased goods repossessed.

---

Definitions:

Additional Revenue

The increase in income received from selling one more unit of a product or service.

Additional Unit

The next unit of production, referring to the increase in quantity by one unit.

Marginal Revenue Product

The additional revenue generated from using one more unit of a factor of production, such as labor or capital.

Fifth Worker

A term possibly referring to an additional employee in a series or sequence, but without specific context, the exact interpretation may vary.