The Additional Benefit of Increasing Some Activity by One-Unit Is

question 211

Multiple Choice

The additional benefit of increasing some activity by one-unit is called the

• A) marginal benefit.
• B) opportunity cost.
• C) total benefit.
• D) scarcity.
• E) unit cost/benefit.

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Definitions:

Personal Narrative

An individual's story or account of their life experiences, often reflecting their personal identity, memories, and perspective.

Scripts

Patterns of behavior or thought expected in particular contexts or situations, often guiding social interactions.

External Considerations

Factors or circumstances outside of an individual's direct control that can impact decisions or actions.

Heteronomous

Governed by external laws or influences, often referring to moral reasoning that relies on rules imposed by authority figures.