Which of the Following Best Describes Marginal Cost

question 31

Multiple Choice

Which of the following best describes marginal cost?

• A)The per-unit-of-output cost for a product
• B)The incremental cost of producing one more unit of output.
• C)A cost invariant to the firm's output
• D)The sum of all costs associate with the production of a product
• E)The cost of fixed items such as general and administrative expenses

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