Marginal Cost Is Defined As

question 67

Multiple Choice

Marginal cost is defined as:

• A)the change in total cost due to a one unit change in output.
• B)total cost divided by output.
• C)the change in output due to a one unit change in an input.
• D)total product divided by the quantity of input.

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Definitions:

Planning Tasks

The activities involved in defining objectives, strategies, and actions to achieve a specific goal.

Telepresence

Technology that allows a person to feel or appear as if they are present in a location other than their true location.

Nonverbal Signals

Forms of communication without words, such as gestures, facial expressions, and body language, that convey messages or emotions.

Parliamentary Procedure

A set of rules for conduct at meetings that allows everyone to be heard and to make decisions without confusion.