Marginal Resource Cost Is Defined as the

question 57

Multiple Choice

Marginal resource cost is defined as the

• A)total cost of producing a unit
• B)total cost of adding one more unit of a resource, other things constant
• C)cost of adding one more unit of a resource, other things constant
• D)marginal cost divided by the quantity of a resource
• E)price of labor

---

Definitions:

Public Good

Goods that are non-excludable and non-rivalrous, meaning they can be used by multiple people simultaneously without diminishing availability to others.

Artificially Scarce Good

Goods that are made scarce by artificial means rather than by natural scarcity or inherent limited supply.

Electronic Book

A book publication in digital form, readable on computers or other electronic devices, designed to emulate the experience of reading a printed book.

Common Resources

Resources like fish stocks, forests, and clean air, which are non-excludable but rivalrous, leading to potential overuse and depletion.