The Change in Cost That Results from a One-Unit Increase

question 92

Multiple Choice

The change in cost that results from a one-unit increase in output is called the

• A) average cost change.
• B) per-unit variable cost.
• C) marginal cost.
• D) per-unit total cost.
• E) average fixed cost.

---

Definitions:

Fairness

The quality of being just, equitable, and impartial in decision making and treatment of others.

Proxy

A person authorized to act on behalf of another person, especially in voting or in making decisions in corporate or other formal meetings.

Solicitation

The act of requesting or seeking to obtain something, often used in the context of fundraising, advertising, or proposing business.

Voting Shares

Shares of a company's stock that grant the shareholder the right to vote on corporate matters.