Marginal Factor Cost (MFC) Is

question 45

Multiple Choice

Marginal factor cost (MFC) is

• A)the additional cost generated by producing an additional unit of output.
• B)the additional revenue generated by employing an additional factor unit.
• C)the additional cost generated by employing an additional factor unit.
• D)total cost from the production of a product divided by the total number of factor units used.

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Definitions:

Global Competence Supply

Refers to the availability and accessibility of skills and expertise worldwide that companies can leverage to meet their strategic objectives.

Competence Pools

Groups of employees categorized based on their skills, competencies, and qualifications for the purpose of better talent management.

Overseas Assignments

Job roles that require employees to work in a foreign country temporarily or permanently.

Struggling to Fit In

The experience of finding it challenging to adapt or become accepted within a new or existing social or work environment.