Author Question: Refer to Scenario 1-2. Using marginal analysis terminology, what is another economic term for the ... (Read 78 times)

plus1 · **on:** Jun 29, 2018

Refer to Scenario 1-2. Using marginal analysis terminology, what is another economic term for the incremental cost of producing the last 500 cigars?

A) explicit cost B) marginal cost
C) operating cost D) Any of the above terms are correct.

Question 2

The overall mortality rate in the United States has declined for the past 30 years.

Indicate whether the statement is true or false