A Grocery Store Sells a Bag of Potatoes at a Fixed

question 128

Multiple Choice

A grocery store sells a bag of potatoes at a fixed price of $2.30.Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes?

• A)marginal revenue
• B)gross earnings
• C)pure profit
• D)marginal costs
• E)net benefit

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Definitions:

Social Reforms

Deliberate efforts or movements aimed at changing societal structures or practices to improve conditions.

Sensible

Characterized by or exhibiting good sense or sound judgment; practical and reasonable.

NASW Code

The National Association of Social Workers Code of Ethics, a guide for professional conduct in social work.

Policy Evolution

The process by which policies may be modified, adapted, or changed over time to address new challenges or conditions.