Marginal Cost Is the Opportunity Cost

question 7

Multiple Choice

Marginal cost is the opportunity cost

• A) that your activity imposes on someone else.
• B) that arises from producing one more unit of a good or service.
• C) of a good or service that exceeds its benefit.
• D) of a good or service divided by the number of units produced.

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Definitions:

Copyrighted

A legal term referring to the exclusive rights granted to the creators or owners of original works, protecting them from unauthorized use.

Public Emergency Services

Essential services such as police, fire brigade, and medical teams that respond to emergency situations to protect public safety.

Liable for Infringement

The state of being legally responsible for violating a right or law, typically referring to intellectual property rights.

Newspaper

A regularly published print or digital publication containing news, information, and advertisements relevant to a broad audience.