The Addition to Total Cost That Results from Employing One

question 147

Multiple Choice

The addition to total cost that results from employing one additional unit of a resource is called

• A)average factor cost.
• B)marginal factor cost.
• C)average total cost.
• D)marginal cost.

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Definitions:

Plasticity

The capacity of the brain to change and adapt in response to experience, learning, or injury.

Brain

The complex organ located in the skull of vertebrates that is the center of the nervous system, responsible for controlling thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

Adapt

To make suitable adjustments to new conditions or environments.

Action Potential

A temporary reversal of an electrical charge across a cell membrane resulting in the transmission of a nerve impulse.