The Additional Cost Resulting from a Small Increase in Some

question 37

Multiple Choice

The additional cost resulting from a small increase in some activity is called the

• A) opportunity cost.
• B) marginal benefit.
• C) marginal cost.
• D) diminishing returns of the activity.

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Definitions:

Psychodynamic

A psychological theory or approach that focuses on the dynamic interplay between the conscious and unconscious mind, and how this affects behavior.

Cognitive

Pertaining to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Behavior

The actions or reactions of an organism or system, often in response to its environment.

Family Therapy

The treatment of a family unit as a whole, in which the main focus is on family dynamics and communication.