select the definition of output effect. amount of revenue lost from lowering the price enough to sell one more unit market price multiplied by the number of units sold the additional revenue from raising the price of a good the revenue that results from selling additional units of a good or service.

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24-11-2022
Business

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select the definition of output effect. amount of revenue lost from lowering the price enough to sell one more unit market price multiplied by the number of units sold the additional revenue from raising the price of a good the revenue that results from selling additional units of a good or service.

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dubeyshailja64 dubeyshailja64 · Answer 1 · 2022-12-01T07:54:13+01:00

The definition of output effect is revenue that results from selling additional units of a good or service. Thus the correct option is last.

What is the definition?

A definition of any word is a detailed description defining the accurate meaning to the reader in order to gain information and understand the meaning to utilize in vocabulary and used in any sentence.

The term "output effect" refers to the impact that an increase in output has on the consumption of a specific input while keeping input costs constant. The labor demand change, an input in the production process brought on by changes in demand, is related to the output effect.

Therefore, option last is appropriate.

Learn more about the Output effect, here:

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