The Change in Total Revenues Resulting from a Change in Output

question 45

Multiple Choice

The change in total revenues resulting from a change in output of one unit is

• A) average revenue.
• B) marginal revenue.
• C) economic revenue.
• D) diminishing revenue.

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Definitions:

Overtime

refers to time worked by an employee beyond their regular working hours, typically compensated at a higher rate.

Private Bill

A proposal for a law that would apply to a particular individual or group of individuals, or corporate entity, unlike public bills which apply to everyone within their jurisdiction.

Citizenship

The status of being a citizen, entailing specific rights, duties, and privileges; typically involves a legal relationship between an individual and a nation-state.

Foreign Country

A nation that is located outside of one's own country's boundaries.