Marginal Cost Is Best Defined as

question 169

Multiple Choice

Marginal cost is best defined as

• A) a cost that does not vary with the rate of output.
• B) the difference between fixed and variable cost at any level of output.
• C) the amount added to total cost when one more unit of output is produced.
• D) the difference between price and average total cost at the profit-maximizing level of output.

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Definitions:

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Cross-cultural communication refers to the process of exchanging information and ideas between individuals from different cultural backgrounds in a way that is understandable and respectful to all parties involved.

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The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a dismissal of other cultures.

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