If You Were Asked to List All the Thoughts and Experiences

question 72

Multiple Choice

If you were asked to list all the thoughts and experiences you have while answering a test question,the technique used would be:

• A) inspection
• B) conscription
• C) abstraction
• D) introspection

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Definitions:

Marginal Cost

Marginal cost is the increase in total production cost that arises from producing one additional unit of a product or service.

Subsidy

A financial contribution granted by the government or a public body to help an industry or business keep the price of a commodity or service low.

Marginal Costs

The increase in cost resulting from the manufacture of one additional unit of a good or service.

Decreasing Costs

Situations in which costs diminish as the level of production or scale of operations increases.