Virtual AR Module 3 Review

Match it! Select the correct answer from the pull down...Good luck!

Marginal Cost and Benefit are evident in every either or decision.

If a person was able to purchase more of a good than expected, it would be considered to be a__________ ________________.

Consuming an extra good or service is considered to be a _________________.

The benefit gained when a choice has been made is a/ an ___________.

Marginal Cost is the cost of producing 100 more items.

The need to make a choice arises because____________.

If a person is making a decision, they are looking at the two ___________.

Second best alternative, the option not chosen is the _______ ______ of the situation.