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

---

Definitions:

Liquidator's Remuneration

The compensation paid to a liquidator for their services in administrating the process of winding up a company's affairs and distributing its assets.

Liquidation Account

An account created to collect transactions and balances during the process of liquidating or winding up a company.

Liquidator's Distribution

The process of distributing assets held by a company under liquidation to its creditors and shareholders.

Shareholders' Distribution

The allocation of earnings declared by a corporation to its shareholders, usually in the form of dividends.