The Addition to a Business Firm's Total Costs That Comes

question 21

Multiple Choice

The addition to a business firm's total costs that comes from producing one more unit of output is:

• A)total variable cost.
• B)marginal cost.
• C)sunk cost.
• D)opportunity cost.
• E)total fixed cost

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Definitions:

University Of Minnesota

A public research university located in the Twin Cities of Minneapolis and St. Paul, Minnesota, known for its education and research programs.

Foreign Tax Credit

A non-refundable tax credit for individuals who have paid taxes to foreign countries, aiming to reduce double taxation on the same income.

Foreign Income Taxes

Taxes imposed by a foreign government on income earned within its jurisdiction by non-resident individuals or entities.

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The total amount of tax owed to the United States government by an individual or entity for a given tax year.