The Benefit of a One-Unit Increase in an Activity

question 315

Multiple Choice

The benefit of a one-unit increase in an activity

• A) is called marginal cost.
• B) is always greater than the opportunity cost of that activity.
• C) decreases as you do more of it.
• D) is measured by what you must give up.
• E) is called rational-choice benefit.

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Definitions:

Nonverbal Signals

Forms of communication without words, such as gestures, body language, posture, tone of voice, and facial expressions.

Layoff

The temporary or permanent dismissal of employees from their job due to economic downturns, restructuring, or other organizational changes.

CEO

Chief Executive Officer, the highest-ranking person in a company or institution, ultimately responsible for making managerial decisions.

Verbal Communication

The use of spoken or written words to convey a message or exchange information between individuals or groups.