The Extra Cost That Results from an Extra Unit of an Activity

question 131

Multiple Choice

The extra cost that results from an extra unit of an activity is the

• A) marginal benefit.
• B) marginal surplus.
• C) marginal cost.
• D) reservation cost.
• E) same as the opportunity cost.

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Definitions:

Equal

Having the same value, measure, or quantity as another object or condition.

Plato

An eminent figure in philosophy, whose work laid the foundations for Western philosophical thought, emphasizing forms, ethics, and political theory.

Feminism

A movement for advocating women's rights on the ground of equality of the sexes.

Negative Rights

Rights that require others to refrain from interfering with an individual's freedoms or liberties, such as the right to speech or privacy.