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

question 147

Multiple Choice

The opportunity cost of a one-unit increase in an activity

• A) is greater than the marginal benefit.
• B) is called rational cost.
• C) decreases as you do more of it.
• D) is called marginal cost.
• E) is measured by what the person is willing to give up to get one more unit of the activity.

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Definitions:

Illegal Price Set

The practice of setting prices in violation of antitrust laws, such as price fixing or predatory pricing, which harm competition.

Unethical Task

An action or duty that goes against moral principles or professional standards, often causing harm or conflict of interest.

Harmful Seller Terms

Contract terms and conditions that could potentially disadvantage or exploit the buyer.

Salesperson

An individual who is employed to sell products or services to customers, often working on commission.