Marginal Cost Is the

question 213

Multiple Choice

Marginal cost is the

• A) change in average cost when an additional unit of output is produced.
• B) the additional output when total cost is increased by one dollar.
• C) additional cost of producing an additional unit of output.
• D) change in the price of inputs if a firm buys more inputs to produce an additional unit of output.

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Definitions:

Chemical

A substance produced by or used in a chemical process, described by a specific composition of atoms or molecules.

Meiosis

A type of cell division that results in four daughter cells each with half the number of chromosomes of the parent cell, as in the production of gametes and plant spores.

Cell Division

The process by which a cell splits into two or more cells, a fundamental part of growth, development, and repair in organisms.

Monozygotic

Referring to twins who have developed from a single fertilized egg, making them genetically identical.