Marginal Cost Is

question 151

Multiple Choice

Marginal cost is

• A) all the costs of the fixed inputs.
• B) all the costs of production of goods.
• C) all the costs that vary with output.
• D) the change in the total cost resulting from a one-unit change in output.

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Definitions:

Permanent Change

A long-lasting alteration in the state or condition of something, that is not expected to revert to its original state.

Behavior

Actions and mannerisms made by individuals, within systems or environments, which can be observed and studied.

Experience

The knowledge or skill acquired through involvement in or exposure to events, often leading to learning or behavioral change.

Associative Learning

A learning process by which an association is formed between two stimuli or a behavior and a stimulus.