Marginal Costs Are Defined as

question 306

Multiple Choice

Marginal costs are defined as

• A) the change in total costs due to a one-unit change in production.
• B) costs that are viewed as marginal; of little or small importance.
• C) costs that represent a change, but one that cannot be measured correctly.
• D) the change in the decisions that are made by households and firms.

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Definitions:

Morpheme

The smallest significant unit of meaning in a word (e.g., the word boys has two morphemes, boy and -s).

Phoneme

The smallest significant unit of sound in a language. Alphabetic characters roughly correspond to phonemes (e.g., apt, tap, and pat are all made up of the same phonemes).

Hierarchical Structure

An organizational structure where entities are ranked one above the other based on their level of authority or importance.

Phonemes

The smallest units of sound in a language that are capable of conveying a distinct meaning.