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:

Advancement

The process of promoting or moving forward towards a more developed or improved state, often referring to careers, technology, or society.

Colored People

An outdated term historically used in the United States to refer to African Americans, now considered derogatory and replaced by more respectful terms.

Slavery

A system in which individuals are owned by others, deprived of personal freedom and forced to perform labor or services without compensation.

Controversy

A prolonged public disagreement or heated discussion, often involving differing opinions on a particular subject.