Marginal Cost Is the ________ One More Unit of a Good

question 28

Multiple Choice

Marginal cost is the ________ one more unit of a good and ________ of the good increases.

• A) opportunity cost of producing; increases as production
• B) opportunity cost of producing; decreases as production
• C) price that must be paid to consume; increases as consumption
• D) price that must be paid to consume; decreases as consumption

---

Definitions:

Great Recession

A significant and widespread economic downturn that occurred globally from late 2007 through 2009, marked by severe declines in economic activity.

George W. Bush

The 43rd President of the United States, who served from 2001 to 2009, known for his response to the 9/11 attacks and initiating the Iraq War.

Barack Obama

The 44th President of the United States, serving two terms from 2009 to 2017, and the first African American to hold the office.

Macropolicy Goals

The primary, broad objectives of economic policy, such as price stability, full employment, and sustainable growth.