Marginal cost is best defined as 选项： A、 A) the extra cost of pr

1.Marginal revenue product is best defined as the:（）选项： A、additional output that results from employing one more unit of a productive input. B、gain in total revenue from selling one more unit of output. C、addition to total revenue from selling the additional output from using one more unit of an input.

2.The marginal revenue product is best defined as the: 选项： A、addition to total revenue from selling one more unit of output. B、additional output produced by using one more unit of a productive input. C、gain in revenue from selling the output produced by using one more unit of a productive input.

3.Value of marginal product is defined as the additional ( )选项： A:output a firm would receive after hiring one more unit of resource.; B:cost of hiring one more unit of resource.; C:revenue earned by selling one more unit of product.; D:revenue earned by hiring one more unit of resource.

4.Value of marginal product is defined as the additional ( ) 选项： A、output a firm would receive after hiring one more unit of resource. B、cost of hiring one more unit of resource. C、revenue earned by selling one more unit of product. D、revenue earned by hiring one more unit of resource.

5.Value of marginal product is defined as the additional选项： A:output a firm would receive after hiring one more factor of production.; B:cost of hiring one more factor of production; C:revenue earned from selling one more unit of product; D:revenue earned from hiring one more factor of production

6.Value of marginal product is defined as the additional 选项： A、output a firm would receive after hiring one more factor of production. B、cost of hiring one more factor of production. C、revenue earned from selling one more unit of product. D、revenue earned from hiring one more factor of production.

7. The value of one more unit of a good or service is the 选项： A、 marginal benefit. B、 minimum price that people are willing to pay for another unit of the good or service. C、 marginal cost. D、 opportunity cost of producing one more unit of a good or service.

8. The value of one more unit of a good or service is the A: marginal benefit. B: minimum price that people are willing to pay for another unit of the good or service. C: marginal cost. D: opportunity cost of producing one more unit of a good or service.

9.________ is the additional cost resulting from producing and selling one additional unit.

10.The quantity of labor that a profit maximizing firm will employ, holding other input factors constant, is the level at which: A. one more unit of labor would cost less than the value of its additional output. B. the marginal product of labor is equal to the marginal cost of labor. C. the marginal revenue product of labor is equal to the wage rate.

11.The opportunity cost to the firm of producing one more unit of output is also called marginal cost.

12.Variable costs are 选项： A、a production expense that does not vary with output. B、the amount by which a firm's cost changes if the firm produces one more unit of output. C、a production expense that changes with the quantity of output produced. D、equal to total cost divided by the units of output produced.

13. Marginal social cost 选项： A、 is the additional cost to the consumer of consuming another unit of a good. B、 is equal to price times quantity sold. C、 decreases as more of a good is produced and, hence, is depicted by a downward sloping curve. D、 is the opportunity cost of producing one more unit of a good and, hence, is the same as the supply curve.

14.Which of the following statements about marginal costing and absorption costing is NOT true? 选项： A、Marginal costing looks at the cost of producing each extra unit of output B、Absorption costing identifies the full cost to the business of producing one unit of output C、Marginal costing results in a higher cost per unit than absorption costing D、Marginal costing is more appropriate for decision making than absorption costing

15.6. Marginal cost is most accurately defined as the: A:A:cost that a consumer must incur to consume an additional unit of a good or service B:B:value of the good or service that a consumer must forego in order to consume an additional unit of a good or service. C:C:cost of producing one more unit of a good or service

16.The depends on the relationship between marginal profit achieved from selling an additional unit and marginal cost.

17.The depends on the relationship between marginal profit achieved from selling an additional unit and marginal cost.

18.Marginal cost is the ( ) one more unit of a good and ( ) of the good increases. 选项： A、opportunity cost of producing; increases as production B、opportunity cost of producing; decreases as production C、price that must be paid to consume; increases as consumption D、price that must be paid to consume; decreases as consumption

19.Producer surplus is most accurately defined as the.（）选项： A、difference between the opportunity cost of producing the last unit of a good or service and the price received for that unit. B、sum of the differences between the marginal benefit and the marginal cost for each unit of good produced and consumed over the total number of units produced and consumed. C、sum of the differences between the price received for each unit of good produced and the opportunity cost of each unit.

20.The extra cost that results from carrying out one additional unit of an activity is the ________ of the activity.选项： A:opportunity cost; B:reservation cost; C:marginal cost; D:marginal benefit

21.Producer surplus is most accurately defined as the.（） A. difference between the opportunity cost of producing the last unit of a good or service and the price received for that unit. B. sum of the differences between the marginal benefit and the marginal cost for each unit of good produced and consumed over the total number of units produced and consumed. C. sum of the differences between the price received for each unit of good produced and the opportunity cost of each unit.

22.Consumer surplus from a good is the ________, summed over the quantity bought. 选项： A、the marginal social benefit received minus the marginal social cost of producing it B、number of dollars’ worth of other goods and services forgone to obtain one more unit of a good or service C、the excess of the value of the good to the consumer over the price the consumer paid for it D、the excess of the total value of the good to all consumers over the total cost of producing the good

23.A rational seller will sell another unit of output:选项： A:if the seller can charge more than the equilibrium price.; B:if the cost of making another unit is less than the revenue gained from selling another unit.; C:as long as the quantity demanded is greater than zero.; D:whenever the seller is earning a profit.

24.Which of the following statements are correct?选项： A:Where marginal cost is less than marginal revenue, an organisation can increase profits by selling more units. B:Where marginal cost is more than marginal revenue, an organisation can increase profits by selling more units. C:Where marginal cost is less than marginal revenue, each additional unit sold incurs a loss for the organisation. D:Where marginal cost is more than marginal revenue, each additional unit sold incurs a loss for the organisation.

25.Which of the following statements are correct?选项： A:Where marginal cost is more than marginal revenue, each additional unit sold incurs a loss for the organisation. B:Where marginal cost is more than marginal revenue, an organisation can increase profits by selling more units. C:Where marginal cost is less than marginal revenue, an organisation can increase profits by selling more units. D:Where marginal cost is less than marginal revenue, each additional unit sold incurs a loss for the organisation.

Marginal cost is best defined as 选项： A: A) the extra cost of producing one more unit of output. B: B) the profit earned from selling one more unit of output. C: C) the price received from selling one more unit of output. D: D) equal to producer surplus.

Marginal cost is best defined as
选项：

A: A) the extra cost of producing one more unit of output.
B: B) the profit earned from selling one more unit of output.
C: C) the price received from selling one more unit of output.
D: D) equal to producer surplus.