Multiple Choice
Marginal cost is the ________ associated with a particular increase in an activity.
A) total cost
B) additional cost
C) opportunity cost
D) forgone cost
Correct Answer:
Verified
Correct Answer:
Verified
Q53: Suppose when the price of hybrid automobiles
Q54: Physical capital refers to stocks and bonds.
Q55: Table 1-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Table 1-2
Q56: Human capital refers to<br>A)the money people have.<br>B)the
Q57: Which of the following statements is correct?<br>A)Mrs.Lovejoy
Q59: How can the influence of a third
Q60: Examining the conditions that could lead to
Q61: In economics,the difference between a firm's revenues
Q62: In economics,tangible merchandise is referred to as<br>A)invention.<br>B)human
Q63: Economists assume that<br>A)individuals behave in unpredictable ways.<br>B)consumer