If the Output of a Firm Is Increased by One

question 85

Multiple Choice

If the output of a firm is increased by one unit, the revenue addition is called

• A)total revenue.
• B)average revenue.
• C)marginal revenue.
• D)economic profit.

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Definitions:

Disaster

A sudden event, such as a natural catastrophe or human-made crisis, that causes great damage or loss of life.

Obsessive-compulsive Disorder

A mental disorder characterized by repetitive, unwanted thoughts (obsessions) and irrational, excessive urges to do certain actions (compulsions).

Ritual

A set of fixed actions and sometimes words performed regularly, especially as part of a ceremony or for religious purposes.

Relief

A feeling of reassurance and relaxation following the removal of stress or discomfort.