Marginal Cost Is the Amount That

question 98

Multiple Choice

Marginal cost is the amount that

• A)total cost increases when one more labourer is hired.
• B)fixed cost increases when one more labourer is hired.
• C)variable cost increases when one more labourer is hired.
• D)total cost increases when one more unit of output is produced.
• E)fixed cost increases when one more unit of output is produced.

---

Definitions:

Change Management

Change management is a systematic way of bringing about and managing both organizational changes and changes on the individual level.

Proactive

Taking initiative by acting in anticipation of future problems, needs, or changes rather than reacting to them after they occur.

Reactive

Pertains to responding to changes or events after they have occurred, rather than proactively planning for them.

Ethnic Diversity

The inclusion of people from different ethnic backgrounds and cultures within a group or organization.