The ________ Is Like a Bag or Envelope and Contains

question 120

Multiple Choice

The ________ is like a bag or envelope and contains a clear fluid in which the developing embryo floats.

• A) placenta
• B) umbilical cord
• C) amnion
• D) cervix

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Definitions:

Marginal Product

Describes the additional output that is produced by using one more unit of a factor of production, holding all other factors constant.

Marginal Cost

The supplementary cost that arises when one additional unit of a product or service is produced.

Marginal

Term used to describe the effects of a change in the current situation. For example, a producer’s marginal cost is the cost of producing an additional unit of a product, given the producer’s current facility and production rate.