Marginal Cost Is the Change In

question 124

Multiple Choice

Marginal cost is the change in:

• A)total product resulting from a one-unit change in a variable input.
• B)total cost resulting from a one-unit change in quantity of a variable input.
• C)total cost divided by the change in output.
• D)average cost resulting from a one-unit change in quantity of output.

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Definitions:

Division Profits

The earnings attributive to a specific division or branch of a larger company, often used to assess the performance of that segment.

Profit Centers

Profit centers are segments, branches, or divisions of a company that are treated as a separate business, responsible for generating their own revenues and profits.

Corporate Headquarters

The main office or center of operations for a business where significant managerial and administrative work is conducted.

Company-wide Profits

The total earnings of a company after all expenses have been subtracted from revenues, reflecting the overall financial success across all departments.