The Addition to Total Cost Resulting from the Addition of the Last

question 39

Multiple Choice

The addition to total cost resulting from the addition of the last unit of output is the ________ cost.

• A) total variable
• B) average variable
• C) fixed
• D) implicit
• E) marginal

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Definitions:

Legally Binding

Describes an agreement or contract that is enforceable by law, meaning parties can be compelled to comply with its terms.

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Occupy

To take possession and control of a place, usually for political or protest purposes, without the permission of the owner.