Which of the Following Would Occur If the Marginal Cost

question 57

Multiple Choice

Which of the following would occur if the marginal cost of extracting oil rose?

• A) People would use less oil.
• B) People would use more oil.
• C) Oil producers would increase their production of oil.
• D) Oil company profits would rise.

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Definitions:

Combining Form

A prefix or suffix added to a word root to change its meaning or create a new word.

Vowel

A speech sound produced without any significant constriction of the flow of air from the lungs, forming the nucleus of a syllable in languages.

Otorhinolaryngology

A branch of medicine specializing in the diagnosis and treatment of disorders of the ear, nose, and throat (ENT).

ENT

Ear, Nose, and Throat, a branch of medicine focused on the diagnosis and treatment of disorders of these areas.