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:

Synthesis Reactions

Chemical reactions in which two or more substances combine to form a new compound.

Catabolic Reactions

Catabolic reactions are metabolic processes that break down molecules into smaller units, releasing energy.

Emulsion

A stable mixture of two or more immiscible liquids, such as oil and water, often with an emulsifier to maintain stability.

Colloid

A mixture wherein fine particles are dispersed throughout another substance without dissolving, such as in gels or emulsions.