Marginal Cost Is Defined As

question 67

Multiple Choice

Marginal cost is defined as:

• A)the change in total cost due to a one unit change in output.
• B)total cost divided by output.
• C)the change in output due to a one unit change in an input.
• D)total product divided by the quantity of input.

Understand how inventory management and turnover rates impact the operating cycle.

Determine the impact of changes in inventory, receivables, and payables periods on the operating and cash cycles.

Compute the accounts payable period and its significance in liquidity management.

Analyze the effect of operational changes on a firm’s financial cycle.

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Definitions:

Posterior

Pertaining to or situated at the back of an organism or body part.

Genetic Map

A genetic map is a representation of the order and approximate distances between genes or other DNA sequences on a chromosome, valuable for understanding genetic linkage and inheritance patterns.

Dominant Gene

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele, determining the characteristic it codes for.

Recessive Gene

A gene that must be present on both chromosomes in a pair to express a recessive trait, unlike a dominant gene where only one is necessary for the trait to be expressed.