Choose the Word or Phrase in [ ] Which Will

question 102

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The longer the loan maturity,the [lower | higher] the total finance costs will be.

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Definitions:

Marginal Revenue Product

The additional income generated from using one more unit of a resource, used in economics to determine the optimal level of resource employment.

Profit-maximizing

A business strategy aimed at achieving the highest possible profit through adjusting production levels, pricing, or other operational methods.

Marginal Revenue Product

The increased earnings resulting from the utilization of one more production factor unit.

Profit-maximizing

The process of adjusting the production and sale of goods and services to achieve the highest possible profit.