A Person on a Diet Loses 1

question 8

Multiple Choice

A person on a diet loses 1.6 kg in a week. How many micrograms/second (µg/s) are lost?

• A) 2.6 × 10³ μg/s
• B) 1.6 × 10⁵ μg/s
• C) 44 μg/s
• D) 6.4 × 10⁴ μg/s

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Definitions:

Marginal Revenue

The additional income generated from selling one more unit of a product or service, crucial for decision-making in production and pricing strategies.

ΔTR/Δq

Represents the change in total revenue divided by the change in quantity sold, indicating marginal revenue.

TR/q

Represents Total Revenue divided by quantity, a formula used to calculate average revenue per unit sold.

Short Run

A period during which at least one of a firm's inputs is fixed and cannot be changed.