The Additional Cost to a Firm of Producing One More

question 50

Multiple Choice

The additional cost to a firm of producing one more unit of a good or service is the

• A)minimum cost.
• B)total cost.
• C)opportunity cost.
• D)marginal cost.

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Definitions:

Language

A system of communication through the use of speech, symbols, or writing, used by a particular country or community.

Perceptiveness

The ability to notice or understand things that are not immediately obvious; keenness of insight or intuition.

Howard Gardner

An American developmental psychologist known for his theory of multiple intelligences, which suggests that individuals have various distinct types of intelligences.

Psychologists

Professionals specializing in the study of the mind and behavior, dealing with how people think, feel, and act.