The Marginal Cost of an Activity Is the

question 21

Multiple Choice

The marginal cost of an activity is the

• A) change in the costs of the activity divided by the change in the level of the activity.
• B) same as the total costs of the activity.
• C) ratio of total costs to the level of the activity.
• D) change in the level of the activity divided by the change in the costs of the activity.
• E) reservation costs.

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Definitions:

British Columbia

A province located on the west coast of Canada, known for its natural landscapes and as the third-most populous province in the country.

Provincial Court

is a low level court which deals with less serious criminal offenses, family law (except divorce), and civil cases of limited value, within a specific province or territory.

Alberta

A province in western Canada, known for its vast forests, prairies, and rich natural resources.

Judge-made Law

Refers to legal principles and rules that have been established by court decisions (common law) rather than by legislative enactment.