Marginal Cost Is Defined as the

question 115

Multiple Choice

Marginal cost is defined as the

• A)change in total cost resulting from an additional unit of output.
• B)change in fixed cost resulting from an additional unit of output.
• C)difference between average total cost and average variable cost.
• D)cost per unit when the firm is operating at capacity.
• E)cost of an additional unit of a variable factor of production.