Jose Is _____

question 81

Multiple Choice

Jose is _____.He exhibits behaviors that are considered careful, precise and organized.

• A) Reliable
• B) Meticulous
• C) Conscientious
• D) Trustworthy
• E) Dependable

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Definitions:

Marginal Revenue

The additional revenue that a firm gains when it sells one more unit of a product or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the number of units produced.

Marginal Cost

The rise in production costs when one more unit of a product or service is produced.

Long-Run Equilibrium

A state in which a market or economy has adjusted to all internal and external changes and forces, resulting in no incentive for allocation or production adjustments.