Multiple Choice
The extra cost associated with undertaking an activity is called
A) net loss.
B) marginal cost.
C) opportunity cost.
D) foregone cost.
Correct Answer:

Verified
Correct Answer:
Verified
Q168: Table 1-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 1-1
Q169: In economics, all of the following is
Q170: In 2017, Smileytown consumed 12,000 gallons of
Q171: How are the fundamental economic questions answered
Q172: Which of the following is a microeconomic
Q174: Consider the following economic agents:<br>A.the government<br>B.consumers<br>C.producers<br>Who, in
Q175: Which of the following is a positive
Q176: Markets promote<br>A)equity and competition.<br>B)voluntary exchange and equality.<br>C)equity
Q177: Making "how much" decisions involves<br>A)calculating the total
Q178: Explain the economic assumption that "people are