________ is a good measure of what society gives up by using resources to produce more of a good or service.
A) Marginal revenue
B) Marginal revenue product
C) Marginal cost
D) Total cost of production

Question

Quizplus · Accepted Answer

Marginal cost reflects the additional cost incurred for producing one more unit of a good or service, representing what society must give up in terms of resources to increase production by that unit.

________ Is a Good Measure of What Society Gives Up