Marginal Cost Is the ________ Associated with Undertaking an Activity

question 110

Multiple Choice

Marginal cost is the ________ associated with undertaking an activity.

• A)total cost
• B)extra cost
• C)opportunity cost
• D)foregone cost

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Definitions:

Biological Perspective

An approach in psychology and biology that examines behaviors, emotions, and thoughts in terms of biological factors, such as genetics, brain circuits, and chemicals.

Cognitive Perspective

An approach in psychology that focuses on how people perceive, think about, and remember information, often emphasizing the role of mental processes in behavior and development.

Mind

The set of cognitive faculties that enables consciousness, perception, thinking, judgement, and memory—a characteristic of humans and other animals.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, enriching its social fabric.