Marginal cost is the cost
A) that your activity imposes on someone else.
B) that arises from an increase in an activity.
C) of an activity that exceeds its benefit.
D) that arises from the secondary effects of an activity.
B
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Which of the following industrial policies are effective for developing countries to deal with inflows of capital from overseas?
A. Market Substitution, government subsidy, and crowding out. B. Import substitution, export-led growth, and crowding out. C. Import substitution, government subsidy, and clustering. D. Import substitution, export-led growth, and clustering.
Refer to the above graph with three demand curves. An "increase in quantity demanded" would be illustrated by a change from:
Point 5 to point 1 Point 2 to point 5 Point 4 to point 6 Point 4 to point 1