Marginal cost is the opportunity cost
A) that your activity imposes on someone else.
B) that arises from producing one more unit of a good or service.
C) of a good or service that exceeds its benefit.
D) of a good or service divided by the number of units produced.
Correct Answer:
Verified
Q155: Production efficiency means that
A) scarcity is no
Q156: Q157: Marginal cost Q158: Abe can catch 15 pounds of fish Q159: Moving along a bowed-out PPF between milk Q161: The marginal benefit from a good is Q162: The principle of decreasing marginal benefit implies Q163: Marginal benefit curves slope _ and marginal Q164: Marginal benefit is the Q165: Marginal cost curves slope
A) increases as more is produced.
B)
A) benefit that a
A) upward because of
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