What is the extra revenue associated with selling an additional unit of output?

a. average variable cost
b. marginal cost
c. marginal revenue
d. net profit

Ans: c. marginal revenue

Business

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In proposing a new course of action, upper management remarks to you, "That's the way Jane, our founder, would have done it!" After that statement, the decision is made to accept and implement your idea. Which power source did you use?

A) Experience B) Desirable characteristics C) Higher than expected commitment of time D) Behavior consistent with the values of the organization E) Flexibility

Business

An accounting term that means the total assets minus the total liabilities in a company's balance sheet is known as the

A) book value B) net worth C) owner's equity D) all of the above

Business