Q Question 1 10 / 10 pts The implication behind the idea of Opportunity Cost is.... Question 2 10 / 10 pts In many cases, it is reasonable to refer to the Opportunity Cost as _________. Which answer below best fills in the blank. Question 3 10 / 10 pts In Economics when we use the term Marginal we mean.... Question 4 10 / 10 pts The lesson of __________ is to forget about the money that’s irretrievably gone and instead to focus on the marginal costs and benefits of future options. Question 5 10 / 10 pts Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good, the additional or marginal utility from each additional unit of the good declines.

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