Use the Following to Answer Questions

question 128

Multiple Choice

Use the following to answer questions
Figure: Bread and Honey
-(Figure: Bread and Honey) In the graph,a movement from point f to point g could occur if:

• A) technological improvements occur.
• B) unemployed workers find jobs.
• C) people decide they prefer bread to honey.
• D) people decide they prefer honey to bread.

---

Definitions:

Marginal Revenue

The additional income earned by producing and selling one more unit of a product.

Marginal Costs

The additional cost incurred in producing one more unit of a good or service.

Average Revenue

The amount of income generated per unit of output, calculated by dividing total revenue by the number of units sold.

Average Total Costs

The total costs of production (fixed and variable costs) divided by the number of units produced, showing the cost per unit.