If You Increase Your Consumption of Soda by One Additional

question 79

Multiple Choice

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

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

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Definitions:

James McNerney

An American businessman known for his leadership roles at major corporations such as 3M and Boeing, significantly impacting their strategic direction and growth.

Boeing

An American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment worldwide.

Generation

A group of individuals, born and living around the same time, who experience similar societal events and cultural phenomena.

Culture Group

A collection of individuals who share similar values, beliefs, and customs, often connected by a common ethnicity or geographical region.