Marginal Cost Is the ________ One More Unit of a Good

question 28

Multiple Choice

Marginal cost is the ________ one more unit of a good and ________ of the good increases.

• A) opportunity cost of producing; increases as production
• B) opportunity cost of producing; decreases as production
• C) price that must be paid to consume; increases as consumption
• D) price that must be paid to consume; decreases as consumption

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Definitions:

Innovative Vision

The ability to foresee novel ideas, trends, or concepts that can lead to the creation of groundbreaking products or solutions.

Leadership Effectiveness

The extent to which a leader is able to inspire, influence, and enable others to contribute toward the effectiveness and success of their organization.

Disciplining Employees

The process of enforcing organizational rules and correcting employee behavior that does not align with company standards.

Crowdsourcing

The practice of obtaining information or input into a project or task by enlisting the services of a large number of people, typically via the Internet.