Marginal Cost Is Defined as the Change in ________ Cost

question 14

Multiple Choice

Marginal cost is defined as the change in ________ cost when output changes by one unit.In the short run,marginal cost can also be measured by the change in ________ cost when output changes by one unit.

• A)total; fixed
• B)variable; fixed
• C)fixed; variable
• D)total; variable

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Definitions:

Thermoplastics

A type of plastic material that becomes moldable above a specific temperature and solidifies upon cooling, allowing for easy reshaping.

Isotactic

Referring to a configuration in polymers where all substituents on the polymer chain are arranged on the same side.

Atactic

Refers to polymers where the configuration of chiral centers is random.

Highly Branched

Refers to a molecule or polymer with numerous branches or side chains, significantly affecting its physical and chemical properties.