If You Increase Your Consumption of Soft Drink by One

question 52

Multiple Choice

If you increase your consumption of soft drink by one additional can a week, your marginal benefit of this last can is $1.00. The _______ of this last can of soft drink is $1.00.

• A) price
• B) value
• C) marginal cost
• D) opportunity cost

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Definitions:

Probable Ancestors

The most likely predecessors or early forms of living organisms from which others have descended.

Algae

Photosynthetic, predominantly aquatic organisms, ranging from single-celled forms to giant kelps, that are not classified as plants, animals, or fungi.

Spore-Forming Capsules

Structures produced by certain bacteria and plants that encase and protect spores until they're released into favorable conditions for growth.

Classified

The process of organizing or categorizing entities into groups based on shared characteristics or criteria.