The Marginal Benefit Curve Is

question 318

Multiple Choice

The marginal benefit curve is

• A) upsloping because of increasing marginal opportunity costs.
• B) upsloping because successive units of a specific product yield less and less extra benefit.
• C) downsloping because of increasing marginal opportunity costs.
• D) downsloping because successive units of a specific product yield less and less extra benefit.

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Definitions:

Autocratic

A leadership style where decision-making is centralized in the leader, with minimal input from group members.

Democratic

Pertaining to a system of government or decision-making that is controlled by the majority of its members, often emphasizing equality and individual rights.

Laissez-faire

Laissez-faire is an economic doctrine or leadership style that promotes minimal to no government intervention in the free market, or a hands-off approach in management.

Big Five

A personality model identifying five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.