Question: PART A ( i i ) Matching words [ 1 0 points ] M a t c h t h e f o l l

PART A(ii) Matching words
[10 points]
MatchthefollowingwordsAnswer(indicatetheletter)1.Normalgood?2.Marginalcost?3.Sunkcost?4.Percapita?5.GrossDomesticProduct?6.Inferiorgood?7.Consumersurplus?8.Diminishingmarginalreturns?9.Marginalproduct?10.Inflation?
Select only one matching answer from the statements below. Note that there is one extra statement that is redundant.
A. A general rise in prices of goods and services across board
B. A commodity whose consumption increases with increases in income
C.an economic value adjusted for population changes
D. The market value of final goods and services produced within a country
E.As the use of a variable input increases (with other inputs fixed), the resulting additions to output will eventually decrease
F. A commodity whose consumption falls with increases in income
G. additional output produced when variable input increases by one unit
H. the expenditure that does not influence a firm's future economic decisions
I. the change in the total cost incurred by producing one more unit of output (Y)
J. occurs when price that consumers pay for a product or service is less than the price, they're willing to pay
K. the value given upby selecting one option over another
PART A ( i i ) Matching words [ 1 0 points ] M a

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