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.

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Definitions:

Normal Speech

The ability to produce vocal sounds that are recognized by listeners within a given language community as coherent spoken language.

Vagus

Referring to the vagus nerve, the tenth cranial nerve, which innervates major organs, including the heart, lungs, and digestive tract.

Trigeminal

Pertaining to the trigeminal nerve, which is responsible for sensation in the face and motor functions such as biting and chewing.

Cheek

Side of the face forming the lateral wall of the mouth.