Blue,Inc. ,Receives Its Support from the Following Sources

question 9

Multiple Choice

Blue,Inc. ,receives its support from the following sources.

Which of the following statements is correct?

• A)Blue,Inc. ,is a private foundation because it satisfies the external support test and fails the internal support test.
• B)Blue,Inc. ,is not a private foundation because it fails both the internal and external support tests.
• C)Blue,Inc. ,is a private foundation because it satisfies both the external support test and the internal support test.
• D)Blue,Inc. ,is not a private foundation because it satisfies both the external support test and the internal support test.
• E)None of the statements is true.

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Definitions:

Average Revenue

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

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.