The increase in total cost resulting from producing one more unit of output is called
A. variable cost.
B. average total cost.
C. opportunity cost.
D. marginal cost.
Answer: D
You might also like to view...
Let C = 300 + 0.9y and I = 125. The value of the multiplier is
A) 0.9. B) 9. C) 10. D) 27.
Refer to Table 2-12. What is Honduras's opportunity cost of producing one canoe?
A) 1/5 of a sailboat B) 1.5 sailboats C) 5 sailboats D) 6 sailboats
Sectors where the development process leads to a more rapid expansion of demand than supply in goods or factor markets are known as
(a) the crisis in planning. (b) input-output analysis. (c) bottlenecks. (d) infant industries.
Total planned expenditure is composed as
a. planned investment. b. planned government spending and taxes. c. total investment, total consumption, and government spending. d. planned investment, planned government spending, and planned taxes.