A Marginal Benefit Curve Shows

question 285

Multiple Choice

A marginal benefit curve shows

• A) the efficient use of resources.
• B) the quantity of one good that must be forgone to get more of another good.
• C) the quantity of one good that people are willing to forgo to get another unit of another good.
• D) there are increasing opportunity costs.

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Definitions:

Weighted Average

A calculation that takes into account the varying weights or importance of different elements in a data set.

Free Cash Flow

The revenue a firm accrues post-deducting expenses associated with operational support and upkeep of its capital goods.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, often used in accounting to find the average cost of goods sold.

Free Cash Flow

The amount of cash that a company generates after accounting for cash outflows to support operations and maintain capital assets.