Marginal Cost Tells Us the

question 579

Multiple Choice

Marginal cost tells us the

• A)value of all resources used in a production process.
• B)marginal increment to profitability when price is constant.
• C)amount by which total cost rises when output is increased by one unit.
• D)amount by which output rises when labor is increased by one unit.

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Definitions:

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes, or sex cells, by mitosis.

Alternation of Generations

A reproductive cycle of certain plants and algae that alternates between a sexual phase (gametophyte) and an asexual phase (sporophyte).

Sporophyte

The diploid, spore-producing phase in the life cycle of plants that undergo alternation of generations.

Gametophyte

A stage in the life cycle of plants and algae that is haploid and produces gametes.