The increase in total cost when one more unit is produced is known as ?

Related Mcqs:

If the quantity demanded of beef increases by 5% when the price of chicken increase by 20% the cross-price elasticity of demand between beef and chicken is ?

A. -4 B. 0.25 C. 4 D. -0.25...

An increase in aggregate demand will have most effect on prices if ?

A. Aggregate supply is price inelastic B. Aggregate supply is price elastic C. Aggregate supply has a unitary price elasticity D. Aggregate demand is price inelastic...

If the demand for coffee decreases as income decreases, coffee is ?

A. an inferior good B. a normal good C. a complementary good D. a substitute good...

If a product is an inferior good ?

A. Demand is inversely related to income B. Demand in inversely related to price C. Demand is directly related to price D. Demand is inversely related to the price of substitutes...

The opportunity cost of a student is____________?

A. Course fees and rent B. A loan from the bank C. What the student could have earned in the best job available by not studying D. What the student will earn after graduation...