The Cost of Producing One More Unit of a Good

question 251

Multiple Choice

The cost of producing one more unit of a good or service is equal to its

• A) marginal benefit.
• B) producer surplus.
• C) marginal expenditure.
• D) consumer surplus.
• E) marginal cost.

---

Definitions:

Stock of Other Companies

Securities representing partial ownership in other companies that can be held as investments by individuals or entities.

Cash Accounts

Cash accounts are financial accounts that keep track of cash transactions within an organization, including receipts, disbursements, and balances.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.

Reversing Entry

An entry, made at the beginning of the next accounting period that is the exact opposite of the adjusting entry made in the previous period.