The Additional Cost Resulting from a Small Increase in Some

question 37

Multiple Choice

The additional cost resulting from a small increase in some activity is called the

• A) opportunity cost.
• B) marginal benefit.
• C) marginal cost.
• D) diminishing returns of the activity.

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Definitions:

Pitched Ball

In sports, refers to the act of throwing a ball towards a player, especially in baseball, using various techniques to challenge the batter.

Socially Cooperative

Behaviors or actions that involve working together towards common goals within a group or society.

Aggressive Outbursts

Explosive, often violent, expressions of anger or frustration that can result in physical or emotional harm to others or oneself.

Altruistic

Refers to a selfless concern for the well-being of others without expecting anything in return.