The Additional Cost to a Firm of Producing One More

question 50

Multiple Choice

The additional cost to a firm of producing one more unit of a good or service is the

• A)minimum cost.
• B)total cost.
• C)opportunity cost.
• D)marginal cost.

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Definitions:

Marine Protected Areas

Regions of seas, oceans, estuaries, or large lakes that are designated by governments or local communities to protect and conserve marine ecosystems and cultural resources.

Environmental Hazards

Encompasses various physical, chemical, and biological factors external to a person that can potentially harm the health of humans or ecosystems.

Environmental Performance

A measure of how well an organization or country is managing its environmental responsibilities and impacts.

Health and Well-Being

A holistic measure that includes physical, mental, emotional, and social health factors.