Marginal Resource Cost Refers to The

question 119

Multiple Choice

Marginal resource cost refers to the:

• A) increase in total revenue resulting from the sale of the extra output of one more worker.
• B) price at which additional units of a resource can be hired in an imperfectly competitive resource market.
• C) increase in total cost resulting from the production of one more unit of output.
• D) amount by which a firm's total resource cost increases as the result of hiring one more unit of the resource.

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Definitions:

JPEG

A common method of lossy compression for digital images, particularly for those images produced by digital photography.

Local Disk

This refers to the hard drive or solid-state drive that is physically installed in a computer, as opposed to external or networked storage.

File System

The method and data structure that an operating system uses to keep track of files on a disk or partition; it organizes and provides access to files.

Folder's Properties

Information and settings associated with a folder in a file system, such as its name, location, size, and permissions for access and modification.