The Extra Benefit Resulting from a Small Increase in an Activity

question 145

Multiple Choice

The extra benefit resulting from a small increase in an activity is called the:

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

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Definitions:

Linear Inequalities

Mathematical statements that involve linear expressions and inequalities, showing that one side is either greater than, less than, greater than or equal to, or less than or equal to the other.

System

A group of guidelines or processes used to accomplish a task; a systematic strategy or technique.

Positive Exponents

Exponents that are positive numbers, indicating how many times the base is multiplied by itself.

Expression

A combination of symbols that represent a quantity or a relationship between quantities, often including variables and constants.