Marginal Cost

question 29

Multiple Choice

Marginal cost

• A)is the opportunity cost of producing one more unit of a good or service.
• B)is unrelated to the production possibilities frontier.
• C)equals marginal benefit.
• D)is less than marginal benefit.
• E)is greater then marginal benefit.

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Definitions:

Indictment

A charge or written accusation, issued by a grand jury, that probable cause exists to believe that a person has committed a crime for which he or she should stand trial.

Due Process

A fundamental constitutional guarantee that all legal proceedings will be fair, respecting all provided legal rights.

First Amendment

A fundamental principle of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Free Speech

The right to express one's opinions without censorship or restraint.