The Extra Benefit Resulting from a Small Increase in an Activity

question 191

Multiple Choice

The extra benefit resulting from a small increase in an activity is called the

• A) opportunity cost.
• B) marginal benefit.
• C) marginal cost.
• D) diminishing returns of the activity.

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Definitions:

Unearned Fees

Unearned fees are payments received by a company for services yet to be provided or completed, considered a liability until the service is fulfilled.