The Marginal Cost of a Good Is

question 65

Multiple Choice

The marginal cost of a good is:

• A) the difference between average total cost and average variable cost.
• B) the addition to total cost from producing one more unit of output.
• C) decreasing whenever average total cost is decreasing.
• D) always equal to average variable cost when the firm is maximizing profit.

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Definitions:

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The consumption of drugs, alcohol, or other chemicals, which can range from casual use to substance abuse and dependence.

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A developmental stage ranging approximately from the late teens or early twenties to the thirties, marking the transition from adolescence to full-fledged adulthood.

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A psychologist known for his research on emerging adulthood, a developmental stage between adolescence and full-fledged adulthood.