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.

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Definitions:

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for conserving energy by slowing the heart rate and increasing intestinal and gland activity.

Autonomic Nervous System

The part of the nervous system responsible for control of bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Somatic

Pertaining to or affecting the body, particularly as distinguished from the mind or psyche.

Spinal Cord

The cylindrical bundle of nerve fibers and associated tissue that is enclosed in the spine and connects nearly all parts of the body to the brain, forming the central nervous system.