Marginal Cost Is Defined as the

question 28

Multiple Choice

Marginal cost is defined as the

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

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