Marginal Cost Is a Good Measure of

question 28

Multiple Choice

Marginal cost is a good measure of

• A) the social value of a marginal unit of a good.
• B) the least costly way to produce all units of a good.
• C) what society gives up by using resources to produce more of a good or service.
• D) what society gains by using resources to produce more of a good or service.

---

Definitions:

Fundamentalist

A person who believes in the strict, literal interpretation of religious texts or doctrines, often leading to intense adherence to those beliefs.

Americans

Residents or citizens of the United States of America, representing a diverse population with a myriad of cultural, ethnic, and social backgrounds.

Abortion Acceptable

The view or belief that terminating a pregnancy under certain circumstances is morally or ethically permissible.

Conservative Protestants

Members of Protestant denominations known for their emphasis on traditional religious beliefs, moral values, and often literal interpretations of the Bible.