Which of the Following Best Describe the Term Marginal Cost

question 92

Multiple Choice

Which of the following best describe the term marginal cost or incremental cost.

• A) Investigation of what happens to NPV when only one variable is changed.
• B) The determination of what happens to NPV estimates when we ask what-if questions.
• C) The degree to which a firm or project relies on fixed costs.
• D) The change in costs that occurs when there is a small change in output.
• E) Taking into account the managerial options that are implicit in a project.

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Definitions:

Electra Complex

A psychoanalytic term coined by Carl Jung, referring to a girl's psychosexual competition with her mother for possession of her father.

Same Sex Parent

Same Sex Parent refers to a parenting arrangement where a child is raised by two parents of the same gender.

Oedipus Complex

A Freudian theory referring to a child's unconscious desire for the opposite-sex parent, thought to be a critical stage in the psychosexual development of the child.

Phallic Stage

A stage in Freudian psychosexual development, roughly between the ages of three and six, where the libido centers on the genital area.