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NEW QUESTION: 1
The minimum price that producers must receive to induce them to produce another unit of a good or service is equal to the good's
A. marginal benefit.
B. producer surplus.
C. marginal cost.
Answer: C
Explanation:
It is the cost of producing one more unit of a good or service.
NEW QUESTION: 2
A. No
B. Yes
Answer: B
NEW QUESTION: 3
A company sells products. Sometimes, when dealing with complaints, they need to issue a credit memo.
Which accounts will be used to issue credit memos?
A. Payables and expense account
B. Receivables and revenue account
C. Payables and revenue account
D. Receivables and expense account
Answer: B
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