The change in total cost resulting from a one-unit increase in the change in quantity is:
A. average variable cost.
B. marginal cost.
C. average total cost.
D. opportunity cost.
Answer: B
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According to a recent survey, in 2016, the number of U.S. households that owned equities was about
A. 3 percent. B. 27 percent. C. 50 percent. D. 65 percent.
An increase in the marginal propensity to consume will result in a(n): a. steeper consumption function
b. flatter consumption function. c. upward shift of the consumption function. d. downward shift of the consumption function.
Which of the following topics is not a part of a typical scenario plan?
a. Expected changes in country infrastructure. b. Expected changes in labor-management relations. c. Expected changes in government intervention and regulations. d. Expected changes in budgets and capital budgeting projects. e. Expected changes property rights, tax policies, and risks.
If a stock market is utilizing all of the available information on earnings projections, interest rates, risk, etc., economists refer to the market as
A. attentive. B. fully engaged. C. proper. D. efficient.