What Is the Term for the Profit Per Unit Produced;that

question 134

Multiple Choice

What is the term for the profit per unit produced;that is,the total profit divided by output?

• A)Marginal profit.
• B)Economic profit.
• C)Normal profit.
• D)Average profit.

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Definitions:

Original Bundle

Describes a combination of goods and/or services that an individual initially chooses based on their preferences and income constraints.

Price Rise

An increase in the cost of goods or services, often reflecting factors like inflation, increased production costs, or higher demand.

Units of Y

Quantitative measures of a variable Y, often used in economics to denote quantity or amount.

Units of X

The quantity of a particular good or service being referred to or utilized in an economic context.