Marginal Resource Cost Is

question 78

Multiple Choice

Marginal resource cost is

• A)the increase in total resource cost associated with the production of one more unit of output.
• B)the increase in total resource cost associated with the hire of one more unit of the resource.
• C)total resource cost divided by the number of inputs employed.
• D)the change in total revenue associated with the employment of one more unit of the resource.

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Definitions:

Québec

A province in Canada known for its French-speaking population and distinct cultural identity.

Black Canadians

Canadians of African descent who have historically lived and contributed to the diverse cultural, economic, and social fabric of Canada, facing specific historical challenges and achievements.

European Canadians

Individuals in Canada who are of European descent, which includes people from a wide range of European backgrounds.

Marital Partners

Individuals joined together in marriage, committed to a partnership that encompasses emotional and legal ties.