The Opportunity Cost of a One-Unit Increase in an Activity

question 147

Multiple Choice

The opportunity cost of a one-unit increase in an activity

• A) is greater than the marginal benefit.
• B) is called rational cost.
• C) decreases as you do more of it.
• D) is called marginal cost.
• E) is measured by what the person is willing to give up to get one more unit of the activity.