The Amount by Which an Additional Unit of an Activity

question 53

Multiple Choice

The amount by which an additional unit of an activity increases total benefit is:

• A)net benefit.
• B)marginal benefit.
• C)marginal cost.
• D)utility.

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Definitions:

Nationally Focused

Concentrating efforts, policies, or interests on issues within a single country rather than on international perspectives or concerns.

Public Sector Budget Austerity

Economic policy measures that involve significant reductions in government spending and benefits, often used to reduce public sector debt.

Financialization

Financialization denotes the increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, shaping corporate and economic policies.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, pension funds, and investment firms.