Multiple Choice
Recall the Application about the best speed at which to sail an ocean cargo ship to answer the following question(s) .
-Saving time by driving faster is an example of a ________ of driving faster. Increasing the severity of injuries from a potential accident due to driving faster is a(n) ________ of driving faster.
A) nominal cost; real cost
B) marginal cost; nominal cost
C) marginal benefit; marginal cost
D) normative benefit; opportunity cost
Correct Answer:
Verified
Correct Answer:
Verified
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