The Opportunity Cost of a One-Unit Increase in an Activity

question 246

Multiple Choice

The opportunity cost of a one-unit increase in an activity

• A) is greater than the marginal benefit.
• B) is called sunk cost.
• C) decreases as you do more of it.
• D) is called marginal cost.
• E) is measured by what the person is willing to give up to get one more unit of the activity.

Recognize the impact and causes of employment discrimination.

Describe the principle of economizing and its necessity.

Differentiate between the terms full employment and full production and their indicators.

Identify the economic reasons behind scarcity and the economic problem.

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Definitions:

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A negative perception of one's own body image, often involving a discrepancy between one’s actual physical appearance and the ideal body image one wishes to achieve.

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An eating disorder characterized by episodes of binge eating followed by behaviors such as purging to prevent weight gain.

Asian-American

Pertaining to Americans of Asian descent or heritage.