Marginal Cost Is Equal to

question 190

Multiple Choice

Marginal cost is equal to

• A) the total cost of a firm's production.
• B) total cost minus fixed cost.
• C) a cost that is not related to the quantity produced.
• D) the change in total cost that results from a one-unit increase in output.
• E) the change in fixed cost that results from a one-unit increase in output.

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Definitions:

Intertidal Zone

The area along coastlines that is exposed to air at low tide and submerged at high tide, with a unique set of organisms adapted to its conditions.

Niches

The role or position that an organism or population occupies within an ecosystem, encompassing everything that affects its survival and reproduction.

Parasitism

A relationship between two organisms where one benefits at the expense of the other, often without killing it outright.

Commensalism

A type of symbiotic relationship where one organism benefits while the other is neither helped nor harmed.