What Is the Definition of the Marginal Cost of a Good

question 96

Multiple Choice

What is the definition of the marginal cost of a good?

• A) It is decreasing whenever average total cost is decreasing.
• B) It is the addition to total cost from producing one more unit of output.
• C) It is always equal to average variable cost when the firm is maximizing profit.
• D) It is the difference between average total cost and average variable cost.

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Definitions:

Essential Differentia

The characteristics that differentiate an entity from others within a larger group or category.

Referents

Objects or events that words or phrases denote, point to, or represent in language and communication.

Suicidal Behavior

Actions taken with the intent to end one's life.

Emotional Well-being

A state characterized by experiencing positive emotions, fulfillment, and contentment, reflecting overall psychological health.