Marginal Resource Cost Is

question 200

Multiple Choice

Marginal resource cost is

• A)the increase in a firm's total cost caused by hiring one additional unit of an input.
• B)a firm's cost of hiring one group of inputs, such as capital or labor.
• C)the firm's demand curve for a productive resource.
• D)determined by the marginal physical product schedule for an input.

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Definitions:

Lookup Properties

Settings or attributes in a database field that define how a lookup field behaves, including the source of the lookup values and display options.

State

A condition or situation of a system or component at a specific point in time, often used in the context of software to describe its current operation or in models to indicate an object's status.

Gender

A category or aspect of identity referring to an individual's personal sense of their own gender, which may or may not correspond to their sex assigned at birth.

Department

A distinct part of an organization with a specific function or focus, such as sales, marketing, or human resources.