Marginal Cost Is the One More Unit of a Good

question 259

Multiple Choice

Marginal cost is the one more unit of a good and of the good increases.

• A) opportunity cost of producing; decreases as production
• B) opportunity cost of producing; increases as production
• C) benefit from consuming; decreases as consumption
• D) benefit from consuming; increases as consumption

---

Definitions:

Collective Economics

Practices and principles that focus on the management and optimization of resources for the benefit of a community or group rather than individuals.

Public Choice Theory

A theory that applies economic principles to political science, analyzing how public decisions are made and their impact on society.

Economic Analysis

The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.

Voting Patterns

The tendencies and preferences displayed by voters when participating in political elections, often influenced by cultural, socioeconomic, and demographic factors.