The Fundamental SI Unit of Mass Is the

question 75

Multiple Choice

The fundamental SI unit of mass is the

• A)gigagram.
• B)microgram.
• C)kilogram.
• D)decigram.

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Explicit Costs

Input costs that require an outlay of money by the firm

Long-Run Equilibrium

A state where all factors of production and costs are variable, allowing firms to make adjustments leading to the ideal output level.

Profit-Maximizing

A strategic approach in which a firm determines the best output level and pricing to achieve the highest possible profit.