An Increase in the Marginal Cost of an Activity Necessarily

question 121

True/False

An increase in the marginal cost of an activity necessarily means that people will no longer engage in any of that activity.

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Definitions:

Amperage

The strength of an electric current measured in amperes.

Electrical Pressure

Another term for voltage, indicating the potential difference or force that causes current to flow in a circuit.

Volts

The unit of measurement for electric potential or electromotive force, indicative of how much force pushing electric current through a circuit.

Check Valve

A valve that allows fluid to flow through it in only one direction, preventing backflow.