If a Decision Maker Uses Marginal Analysis, Then the Relevant

question 190

Multiple Choice

If a decision maker uses marginal analysis, then the relevant costs are the

• A)full costs of a particular activity or product.
• B)fixed costs that do not vary with the extra activity or output.
• C)profits obtained on the activity or product.
• D)average costs for a particular activity or product.
• E)additional costs of a particular activity or product.

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Definitions:

Chichén Itzá

A large pre-Columbian archaeological site built by the Maya civilization located in the Yucatán Peninsula of Mexico, famous for its central pyramid, known as El Castillo.

South America

A continent located in the Western Hemisphere, mostly in the Southern Hemisphere, with a diversity of climates, cultures, and wildlife.

Chavín de Huántar

An archaeological site in Peru, representing a major center of the Chavín culture, known for its monumental architecture and stone sculptures.

Mother Culture

A concept in anthropology referring to a culture that influences and gives rise to other cultures through diffusion or conquest.