The Opportunity Cost of Producing One More Unit of a Good

question 57

Multiple Choice

The opportunity cost of producing one more unit of a good or service is the

• A) marginal cost.
• B) marginal benefit.
• C) efficient level of production.
• D) market outcome.
• E) price of the good or service.

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Definitions:

Eating Disorder

A mental disorder characterized by abnormal or disturbed eating habits which significantly affect a person's health and daily functioning.

Canadian Male

An individual who identifies as male and is of Canadian nationality or descent.

American Female

Refers to women who are citizens of or reside in the United States of America.

Abnormal Behaviour

Actions or behaviors that deviate significantly from what is considered normal or typical within a cultural or societal context.