In a Capitalist System Capital Resources Are Primarily Allocated by ________

question 54

Multiple Choice

In a capitalist system capital resources are primarily allocated by ________.

• A)governments
• B)regulatory authorities
• C)financial markets
• D)investment bankers

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Definitions:

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit.

Average Total Cost

The total cost of production divided by the total quantity produced, representing the cost per unit of output.

Average Variable Cost

The per-unit variable cost of production, calculated by dividing total variable costs by the quantity of output produced.

Marginal Cost

The increase in total production cost when output is increased by one unit.