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Scenario: Assume That There Are Five Apartments Located at Different

question 87

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Scenario: Assume that there are five apartments located at different distances from an individual's place of work-very close, close, far, very far, and extremely far. The individual makes his choice by studying the change in costs as he moves farther from his place of work. He has to choose between renting one of the five apartments. The movement from apartment Very Close to Close has a marginal cost of −$60, a movement from apartment Close to Far has a marginal cost of −$40, a movement from apartment Far to Very Far has a marginal cost of −$10, and a movement from apartment Very Far to Extremely Far has a marginal cost of $20.
-Refer to the scenario above.Which of the following shifts will increase the total cost?

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Definitions:

Basalt Eruptions

Volcanic eruptions that produce basalt, a dark-colored volcanic rock rich in iron and magnesium, characterized by low viscosity lava flows.

Ophiolite

A section of the Earth's oceanic crust and the underlying upper mantle that has been uplifted and exposed above sea level.

Oceanic Crust

The part of the Earth's crust that underlies the ocean basins, composed mostly of basalt and thinner than continental crust.

Continental Crust

The relatively thick part of the earth's crust that forms the large landmasses. It is generally older and more complex than oceanic crust.

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