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:

Ethical Problem

A dilemma or situation that requires an individual or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).