Marginal cost is the ________ associated with a particular ...

[Chloeellawright]

Marginal cost is the ________ associated with a particular increase in an activity.
 
  A) additional cost B) opportunity cost C) forgone cost D) total cost

Question 2

The income effect of a price change results in a
 
  A) movement along the demand curve due to a change in relative prices.
  B) shift of the demand curve when income changes.
  C) shift of the demand curve due to a change in purchasing power brought about by the price change.
  D) movement along the demand curve due to a change in purchasing power brought about by the price change.

[todom5090]

Answer to Question 1

A

Answer to Question 2

D