Examlex
Which of the following psychological procedure(s) was/were closely connected to the needs created by the Industrial Revolution?
Marginal Cost
The supplementary cost of manufacturing another unit of a product or service.
Consume
The action of using up goods and services to satisfy personal or collective wants or needs.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision or choosing to do one thing over another.
Production Possibilities Schedule
A table or graph that shows the various combinations of two goods or services that an economy can produce using all its resources efficiently.
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