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:

Encryption

The process of converting information or data into a code, especially to prevent unauthorized access.

Radio

A technology that uses radio waves to transmit information, such as audio, by modulation of electromagnetic waves.

Microwave

An electromagnetic wave with a wavelength shorter than that of a normal radio wave but longer than those of infrared radiation, commonly used in microwave ovens and communication technologies.

Satellite

A man-made device launched to circle the Earth or other planets for the purpose of gathering data or facilitating communication.