Solved

The Opportunity Cost of a One-Unit Increase in an Activity

Question 67

Multiple Choice

The opportunity cost of a one-unit increase in an activity


A) is measured by what the person is willing to give up to get one more unit of the activity.
B) is called marginal cost.
C) decreases as you do more of it.
D) is greater than the marginal benefit.
E) is called rational cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents