Multiple Choice
The extra benefit resulting from a small increase in an activity is called the
A) opportunity cost.
B) marginal benefit.
C) marginal cost.
D) diminishing returns of the activity.
Correct Answer:

Verified
Correct Answer:
Verified
Q186: According to the marginal principle,a rational firm
Q187: Recall the Application about the use of
Q188: Recall the Application about the impact inflation
Q189: The weekly income earned in 1974 could
Q190: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 2.2
Q192: According to the principle of diminishing returns,an
Q193: Being self-sufficient in the production of everything
Q194: What is the nominal value of money?<br>A)
Q195: You borrow money to buy a house
Q196: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 2.1