m Exam 1:30:00 Time Left:1:26:10 Eva ONDONGO NGALA: Attempt 1 Question 3 (3 points) Select the term that fits best with each statement. 100 1. _is the cost of producing one more unit 6 of output. 2. The pictures the economy as 9 budget constraint consisting of two groups- households and firms-that intersect in two markets: the goods and services market in which firms 12 marginal cost sell and households buy and the labor market in which households sell labor to business firms or other employees. 15 circular flow diagram 3. The indicates all the combination of two goods the consumer can afford, given 18 the price of the two goods and the consumer's budget amount. 21 Question 4 (5 points) Select the term that fits best with each statement. 3 24 1. indicates what one must give up to obtain what the c