Marginal Cost Is

question 186

Multiple Choice

Marginal cost is:

• A) the change in total cost from producing one more unit of output.
• B) total cost divided by the change in total output.
• C) the change in total output divided by the change in total cost.
• D) average cost times output.

---

Definitions:

Order of Operations

A set of rules used in math to determine which calculations to perform first in an expression.

Relative Cell References

Relative cell references in spreadsheets are cell addresses that change when a formula is copied to other cells, adjusting based on the formula's new location.

Point Mode

In spreadsheet applications, a mode that allows the user to select cells or ranges by using the mouse to point and click rather than typing cell references.

Arithmetic Calculations

Mathematical operations involving addition, subtraction, multiplication, and division.