The Cost of a One-Unit Increase in an Activity Is

question 55

Multiple Choice

The cost of a one-unit increase in an activity is called the

• A) margin.
• B) marginal cost.
• C) rational cost.
• D) opportunity benefit.
• E) marginal benefit.

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Definitions:

Certified

Officially recognized as possessing certain qualifications or meeting specific standards.

Forges

The act of illegally copying or fabricating something, usually documents, artwork, or currency, with the intent to deceive.

Suffers The Loss

Experiencing negative consequences, usually financial, as a result of an event, decision, or action.

Federal Law

Laws passed by the national government of a country, which apply throughout the nation and take precedence over state or local laws.