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

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Definitions:

Local Firm

A business establishment that operates in a specific geographical area, typically offering products or services to a local market or community.

International Marketplace

A global economic environment where goods, services, and capital move across borders, allowing for the exchange and consumption beyond local and national markets.

Capital

Refers to wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

Direct Investment

The acquisition of a controlling interest in a foreign business by making investments such as purchasing the company's stock directly.