Marginal Cost

question 13

Multiple Choice

Marginal cost

• A)Is the change in total output from hiring one more factor of production.
• B)Is the change in total cost associated with a one-unit increase in production.
• C)Falls when there are diminishing returns.
• D)Is the change in the total cost when hiring one more factor of production.

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Definitions:

Psychoanalyst

A professional who practices psychoanalysis, a method of psychological therapy originated by Sigmund Freud.

Sexually Abused

Refers to unwanted or forced sexual activity by another person, often creating lasting psychological and emotional trauma.

Freud

Austrian neurologist Sigmund Freud originated psychoanalysis, a diagnostic technique for addressing mental disorders through conversation between a psychoanalyst and their patient.

Superego

In psychoanalytic theory, the part of the personality responsible for moral standards and ideals, operating on the morality principle.