Marginal Cost Is the

question 223

Multiple Choice

Marginal cost is the

• A)change in total cost resulting from the purchase of one more unit of the variable input.
• B)change in total cost resulting from the production of one more unit of output.
• C)difference between total fixed cost and total variable cost.
• D)difference between total cost and total expenditure.

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Definitions:

Disrupt

To cause disorder or turmoil in something, interrupting or preventing it from continuing as usual.

Thought Processes

The mental activities involved in understanding, processing, and communicating information.

Biological Rhythm

Natural cycles of physical, emotional, or intellectual changes that the body goes through, such as circadian rhythms.

Fluctuation

An irregular rising and falling in number or amount; a variation.