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.

---

Definitions:

Loci

Fixed positions on a chromosome where specific genes or genetic markers are located.

Chromosome Theory

The principle that genes are located on chromosomes, which are the basis for heredity and genetic inheritance.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene content, one inherited from each parent.

Alleles

Alleles are different versions of a gene that determine distinct traits and can be passed from parents to offspring.