A Condition X Is Not a Necessary Condition for Y

question 26

Multiple Choice

A condition X is not a necessary condition for Y if:

• A) X is absent when Y is present.
• B) X and Y are absent together.
• C) X and Y are present together.
• D) X is absolute but Y is relative.
• E) X is present when Y is absent.

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Definitions:

Marginal Benefit Curve

A graphical representation showing how the benefit (utility or satisfaction) to a consumer changes as consumption of a good or service increases.

Extra Benefit

The additional advantage or utility gained from consuming one more unit of a good or service.

Specific Product

A distinct good or service that is identifiable and distinct from others due to unique characteristics or features.

Increasing Marginal Opportunity Costs

The principle that as production of a good expands, the opportunity cost of producing an additional unit rises.