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QUESTION IMAGE

match each word with the phrase that best defines it. marginal benefit …

Question

match each word with the phrase that best defines it.

marginal benefit
marginal cost
financing
fraud
comparison

buying something on credit
the act of being dishonest to take advantage of someone
the cost associated with one additional unit of a production
change in benefit in response to a specific action
an examination of how things are the same or different

Explanation:

Brief Explanations

Each term is matched to its standard definition in business/economics contexts:

  1. Marginal benefit refers to the change in benefit from one specific action.
  2. Marginal cost is the cost of one extra production unit.
  3. Financing often involves purchasing items on credit.
  4. Fraud is dishonest behavior to exploit others.
  5. Comparison is examining similarities/differences.

Answer:

  • marginal benefit → change in benefit in response to a specific action
  • marginal cost → the cost associated with one additional unit of a production
  • financing → buying something on credit
  • fraud → the act of being dishonest to take advantage of someone
  • comparison → an examination of how things are the same or different