The correct answer is: "marginal cost".
The marginal cost of production is defined as the increase in total production costs experienced when an extra unit of output is manufactured. Such increase includes the cost of the extra factors of production that had been dedicated to elaborate the extra unit.
Marginal cost includes variable types of cost, those that change depending on the level of production (such as the amount of raw materials employed) but not by fixed costs that do not vary depending on the level of output (such as the rent paid for the building where the production is undertaken, that is a fixed number).
Answer:
There are many things wrong with communism. Communism has its own way of having a built in problem with its economy specficially it's economy is everyone gets paid the same, so everyone is poor and the citizens have no say in what goes into the economy.
This would all depend on the person's life experiences and perspective.
For someone who works day in and out on a factory line receiving little pay, the person who owns the factory is likely to be a robber baron as they feel like the person is profiting off their hard work.
To someone who also owns factories, their fellow owner of industry is likely to be a fellow captain of industry.
Material possessions can create a sense of comfort because when an individual wants something and he or she was able to obtain the thing that he or she always wanted, it has provided him or her comfort as he or she was able to have the thing that she or he truly wanted that he or she feels that he or she is complete. It also create a sense of anxiety because if the person wasn't able to get what he or she wants, he or she will keep on thinking of that particular thing that could cause him or her to worry in which could affect both his or her feelings and behavior.
<u>Experience machine
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This is a thought experiment and it was put forward by the philosopher Nozick in this experiment he describes by imagining a choice between everyday life and reality. In this theory the main concept which is explained is the theory of hedonism and it explains that pleasure is good.
A machine is imagined that could give as anything desirable and can give us anything that we want. He puts forward an argument if pleasure is an intrinsic value then people would be hooked up with it and experience machine that would produce the favorable sensations.
