Marginal Resource Cost Is

question 168

Multiple Choice

Marginal resource cost is

• A) the increase in a firm's total cost caused by hiring one additional unit of an input.
• B) a firm's cost of hiring one group of inputs, such as capital or labor.
• C) the firm's demand curve for a productive resource.
• D) determined by the marginal physical product schedule for an input.

---

Definitions:

Compulsion

A strong, usually irresistible urge to perform an act, especially one that is irrational or contrary to one's will.

Obsession

A persistent, intrusive thought, idea, or image that causes significant stress or anxiety.

Fugue

A psychiatric disorder characterized by reversible amnesia for personal identity, including the memories, personality, and other identifying characteristics of individuality.

Shameful Thought

An uncomfortable feeling of embarrassment or guilt that arises from actions, thoughts, or circumstances perceived as dishonorable or improper.