An Indivisible Input Is

question 59

Multiple Choice

An indivisible input is:

• A)an input that cannot be seen by the naked eye.
• B)an important input that the firm cannot identify.
• C)an input that can only be obtained in a certain minimum size.
• D)an input the firm cannot stop using.

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Definitions:

Marginal Cost

The supplementary charge triggered by the manufacture of one extra unit of a product or service.

Average Variable Cost

The total variable cost divided by the quantity of output produced; it represents the variable cost per unit of output.

Marginal Cost

The incremental cost associated with the production of an additional unit of a product or service.

Total Costs

The complete expenses incurred in the process of producing or providing goods and services, including both fixed and variable costs.