Which of the Following Is NOT an Example of Economic

question 15

Multiple Choice

Which of the following is NOT an example of economic stakeholders?

• A)Competitors
• B)Consumers
• C)Employees
• D)Shareholders

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Definitions:

Marginal Cost

The additional expense associated with creating another unit of a product or service.

Total Cost

The aggregate expenditure related to the manufacturing of products or services, which includes both stable and changeable costs.

Variable Inputs

Inputs in production that change in quantity depending on the level of output, such as raw materials and labor.

Marginal Cost

The expense associated with manufacturing an extra unit of a product or service.