Refer to Scenario 1-2. Using marginal analysis terminology, what ...

[plus1]

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

[tkempin]

Answer to Question 1

B

Answer to Question 2

TRUE

[plus1]

Thanks for the timely response, appreciate it

[okolip]

Great answer, keep it coming