Marginal Cost Refers to the Increase in Cost Attributable to Hiring

question 386

True/False

Marginal cost refers to the increase in cost attributable to hiring one more unit of labor, capital, or some other input.

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Definitions:

Pregnant Woman

A woman who is in the state of carrying a developing fetus inside her uterus.

Mother

A woman in relation to her child or children, to whom she has given birth or who she is raising with a maternal role.

Subbranding

The practice of creating a secondary brand within a main brand to appeal to different market segments or highlight particular product qualities.