Which of the Following Statements Is Correct

question 166

Multiple Choice

Which of the following statements is correct?

• A) Marginal cost is a variable cost.
• B) Marginal cost is a fixed cost.
• C) Marginal cost is a long-run total cost.
• D) Marginal cost is a short-run average fixed cost.
• E) Marginal cost is a long-run average fixed cost.

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Definitions:

Marketing Mix

A blend of factors that can be controlled by a company to influence consumers to purchase its products. These factors typically include product, price, place, and promotion.

Logistical Services

Services that facilitate the movement, storage, and processing of goods throughout the supply chain, including transportation, warehousing, and customs brokerage.

Customer Service

The help and service offered by a business to individuals who purchase or utilize its products or services.

Logistics Costs

The total expenses incurred in moving goods from their point of origin to the final consumer, including transportation, warehousing, and handling fees.