The Change in a Firm's Total Cost from Producing One

question 264

Multiple Choice

The change in a firm's total cost from producing one more unit of a good or service is the firm's

• A)explicit cost of production.
• B)marginal cost of production.
• C)average cost of production.
• D)implicit cost of production.

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Definitions:

Phenylketonuria

A genetic disorder characterized by an inability to metabolize the amino acid phenylalanine, leading to its accumulation in the body, which can cause intellectual disability and other health issues if untreated.

Huntington's Disease

A genetic disorder that affects the brain and results in progressive degeneration of nerve cells, leading to physical and mental dysfunctions.

Temperament

Individual difference in style of reaction that is present early in life.

Easy Child

A term in developmental psychology referring to children who are generally calm, adaptable and have regular routines.