Examlex

Solved

Which of the Following Is Considered a Geographical Advantage for Development

question 6

Multiple Choice

Which of the following is considered a geographical advantage for development, according to Jared Diamond?


Definitions:

Marginal Cost

The money needed to produce an additional unit of a product or service.

Average Variable Cost

The total variable costs divided by the quantity of output produced, representing the variable cost incurred to produce each unit of output.

Marginal Cost

The leap in all-encompassing expenses associated with the production of an additional unit of a product or service.

Average Total Cost

The cost of producing everything, when divided by the number of units made, signifies the cost for each unit produced.

Related Questions