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A ____ Is Formed When a Number of Individuals Occupy

question 127

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A ____ is formed when a number of individuals occupy the same relative economic rank in the stratification system.


Definitions:

Marginal Cost

The added financial burden from producing one more unit of a product or service.

Marginal Revenue

The surplus revenue earned from the sale of an extra unit of a product or service.

Profit

The earnings obtained when income from a business endeavor outstrips the total expenses, costs, and taxes necessary to maintain that endeavor.

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

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