Marginal cost
a. Is the additional cost incurred by producing and selling one more unit
b. Is the total cost incurred by producing and selling one more unit
c. Is the additional fixed cost incurred by producing and selling one more unit
d. None of the above
a
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Kevin purchasing concert tickets with his debit card is an example of the ________ function of money
A) medium of exchange B) unit of account C) store of value D) specialization
If a firm buys a delivery van for $18,000 and can resell it in 2 years for $7,500, the opportunity cost of using the van is
A) $10,500. B) $7,500. C) $18,000. D) $3,750.
A decrease in the demand for musicians ________ the number of musicians employed, and ________ the wages paid to musicians.
A. increases; increases B. increases; decreases C. decreases; increases D. decreases; decreases
Refer to the figure below. 
If Row Resorts keeps its rates high, then Column Cruises would receive the highest payoff if it:
A. agreed with Row Resorts to reduce their rates at exactly the same time. B. chose either strategy because it will have the same payoff in either case. C. offered reduced rates. D. kept its rates high.