The cost of producing one more unit of a good:

a. increasing marginal returns
b. total cost
c. marginal revenue
d. marginal product of labor
e. marginal cost


Ans: e. marginal cost

Economics

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Which of the following is a test of the statistical significance of a particular regression coefficient?

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When quantity demanded is very sensitive to changes in price, we can say that:

(a) Demand is inelastic. (b) Demand is elastic. (c) Supply is inelastic. (d) Demand is perfectly inelastic.

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Answer the following statement true (T) or false (F)

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