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The Opportunity Cost of a One-Unit Increase in an Activity

Question 147

Multiple Choice

The opportunity cost of a one-unit increase in an activity


A) is greater than the marginal benefit.
B) is called rational cost.
C) decreases as you do more of it.
D) is called marginal cost.
E) is measured by what the person is willing to give up to get one more unit of the activity.

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