Cultural Anthropologists Use the Term __________ to Refer to Currency

question 71

Short Answer

Cultural anthropologists use the term __________ to refer to currency or items with recognized value that can be exchanged for other kinds of things.

---

Definitions:

MR

Short for Marginal Revenue, which is the additional income earned by selling one more unit of a product or service.

ATC

Average Total Cost, which is the total cost of production (fixed plus variable costs) divided by the quantity of output produced.

ATC

Average Total Cost, which is the total cost of production divided by the quantity of output produced.

Price Charged

The amount of money demanded for a product or service in the market.