Subjects
Choose questions individually, practise online, or create a worksheet with matching answers. Counts include generated variants, not only authored originals.
The value of the next-best alternative given up.
The forgone next-best option is the comparison.
60
200 − 140 = 60 units under the limited definition.
The extra cost of an additional change or unit.
Marginal means additional at the margin.
It uses time or resources that could have been used for another valued activity.
A zero monetary price does not imply no forgone alternative.
15
40 − 25 = 15.
Totals can hide unequal effects across people.
Distribution can matter alongside aggregate amounts.
Use a simple decision model without assuming every value has a price.
Grades 8–12Use a simple decision model without assuming every value has a price.
Grades 8–12Calculate only from the costs and assumptions provided.
Grades 9–12Calculate only from the costs and assumptions provided.
Grades 9–12Fixed cost is unchanged over the stated output range; variable cost changes with output in the specified model. Real classifications depend on time horizon.
Grades 9–12Fixed cost is unchanged over the stated output range; variable cost changes with output in the specified model. Real classifications depend on time horizon.
Grades 9–12A resource controlled by an entity from which future benefit is expected.
UniversityA resource controlled by an entity from which future benefit is expected.
UniversityA dated record of accounts and debit/credit amounts for a transaction.
UniversityA dated record of accounts and debit/credit amounts for a transaction.
UniversityA report of revenue and expenses over a period.
UniversityA report of revenue and expenses over a period.
UniversityThe ability to meet near-term obligations with available resources.
UniversityThe ability to meet near-term obligations with available resources.
UniversityA specific outcome a project is intended to achieve.
UniversityA specific outcome a project is intended to achieve.
UniversityA unit of work with a defined outcome.
UniversityA unit of work with a defined outcome.
UniversityAn uncertain event or condition that could affect objectives.
UniversityAn uncertain event or condition that could affect objectives.
UniversityA person or group affected by or able to influence the project.
UniversityA person or group affected by or able to influence the project.
UniversityThe group a message or offer is designed to reach.
UniversityThe group a message or offer is designed to reach.
UniversityA stage where a person first becomes familiar with an offer or need.
UniversityA stage where a person first becomes familiar with an offer or need.
UniversityA medium used to reach an audience, such as search, email or social media.
UniversityA medium used to reach an audience, such as search, email or social media.
UniversityConversions divided by eligible visits or opportunities under a defined measurement rule.
UniversityConversions divided by eligible visits or opportunities under a defined measurement rule.
UniversityAssume constant per-unit values and no capacity limits; this is an educational accounting model.
Grades 9–12Assume constant per-unit values and no capacity limits; this is an educational accounting model.
Grades 9–12This uses the signed elasticity convention; the absolute magnitude is sometimes reported instead.
UniversityThis uses the signed elasticity convention; the absolute magnitude is sometimes reported instead.
UniversityLearn statements, double entry and basic analysis with fictional examples.
Learn scope, scheduling, risk and communication through practical scenarios.
Learn audiences, funnels, content, measurement and responsible experimentation.