Executives Should

question 20

Multiple Choice

Executives should

• A)spend an additional dollar on an activity if consumers value it by more than a dollar.
• B)do more of something if marginal revenue is positive.
• C)pend an additional dollar on an activity if consumers value it by less than a dollar.
• D)do more of something if average revenue is greater than zero.

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Definitions:

Price Paid

The amount of money exchanged for a good or service in a transaction.

Consumers

Individuals or entities that use goods and services generated within the economy.

Productivity Apps

Productivity apps are software applications designed to help individuals manage their tasks, schedule, communications, and activities efficiently, thereby increasing their productivity.

Excise Tax

A specific tax levied on the sale of a particular product or service, often imposed to discourage the consumption of that good.