D) all possible alternatives that you pos up to get it 16, Marginal benefit refers to A) a small change in benefit 1) extra benefits received when a choice is made () a large change in benefit D) potential rewards 17. Marginal cost is defined as A) the cost you incur no matter which choice you make B) a small change in cost () the addition to total cost incurred as a result of a decision D) the total cost incurred as a result of a decision 18. If MC > MB then the decision should be A) do more B) do less C) stop producing DJ no action is needed 19. Factors of production are A) land and raw materials B) labour, land, raw materials and capital C) capital, land, raw materials and management D) raw materials and management 20. Capital goods Consumer goods Figure 2.1 Refer to Figure 2.1. The economy is currently operating at Point A. The best explanation for this is that A) the economy has experienced increasing technology B] the economy's resources are being underemployed C) the economy has too few resources to operate on the production curve D) the economy is operating above full employment