Which of the Following Represents the Change in Total Cost

question 122

Multiple Choice

Which of the following represents the change in total cost that results from a one-unit increase in production?

• A)Marginal profit.
• B)Total revenue.
• C)Marginal cost.

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Definitions:

Profitability

The ability of a business or activity to generate more revenue than the expenses incurred, resulting in financial gain.

Products and Services

Refers to the combination of goods (physical items) and services (intangible offerings) that a company provides to consumers.

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Strategies and policies implemented by organizations to create an inclusive workplace that respects and values differences among employees.