AP Micro M1.5 Cost-benefit analysis Vocab test
Authored by Nikola Stefanovic
Social Studies
10th Grade
Used 1+ times
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9 questions
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1.
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1 min • 1 pt
A unit of utility
(a)
2.
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1 min • 1 pt
The out-of-pocket cost of a decision.
(a)
3.
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1 min • 1 pt
Consumers, producers and others who behave rationally and make optimal decisions.
(a)
4.
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1 min • 1 pt
The cost that has already been incurred and is nonrecoverable.
(a)
5.
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1 min • 1 pt
The process of comparing the total costs and total benefits of an option.
(a)
6.
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1 min • 1 pt
A measure of personal satisfaction.
(a)
7.
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1 min • 1 pt
The cost of a decision paid with time and missed opportunities.
(a)
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