The Change in Total Cost of Production That Results from a Change

question 86

Multiple Choice

The change in total cost of production that results from a change in the amount of a resource used is

• A)average resource cost
• B)marginal resource cost
• C)marginal product
• D)marginal revenue product
• E)average revenue product

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Definitions:

Border Patrol

A national security agency responsible for monitoring and securing the borders of a country to prevent illegal immigration, trafficking, and other unauthorized activities.

Bracero Program

A series of agreements between the United States and Mexico, allowing short-term contract laborers from Mexico to work in the U.S. agricultural industries from 1942 to 1964.

Married Women

Women who are in a legal marital relationship; societal and legal rights and obligations can vary significantly depending on the location and time period.

Labor Force

The total number of people who are of working age, able and willing to work, including both the employed and those seeking employment.