The Addition to the Total Revenue from Selling One More

question 292

Multiple Choice

The addition to the total revenue from selling one more unit of the good is:

• A)less than the market price.
• B)average profit.
• C)marginal cost.
• D)marginal revenue.

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Definitions:

Population

The total number of individuals or entities within a specified area or group.

Compounded Annually

The method of gaining interest on the original principal as well as on the interest accrued from prior periods, computed annually.

Eating Establishments

Businesses that serve food and beverages for consumption by the public, such as restaurants and cafes.

Operational

Referring to the day-to-day activities, processes, and functionalities of a business or organization.