The ________ the Sale of an Additional Unit of a Product

question 235

Multiple Choice

The ________ the sale of an additional unit of a product is a marginal benefit to the firm.

• A)revenue received from
• B)extra cost of
• C)total value of
• D)sales tax on

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Definitions:

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and at a given time.

Consumption

The use of goods and services by households.

MPC

The marginal propensity to consume, which measures the proportion of additional income that a consumer spends on goods and services instead of saving.

Aggregate Demand

The total demand for all goods and services in an economy at different price levels, during a specific time period, including consumption, investment, government spending, and net exports.