The Change in Cost That Results from a One-Unit Increase

question 188

Multiple Choice

The change in cost that results from a one-unit increase in output is called the

• A) average fixed cost.
• B) per-unit variable cost.
• C) per-unit total cost.
• D) marginal cost.
• E) average cost change.

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Definitions:

Warranty

A guarantee provided by a manufacturer or seller regarding the condition of a product and a promise of repair or replacement within a specified period of time.

Side Rails

Metal or plastic guards that attach to the sides of a hospital bed to prevent patients from rolling out of bed and to assist them in repositioning themselves.

Call Bell

A device used by patients to alert or call for medical staff assistance, commonly found in hospitals and long-term care facilities.

Hearing Aid

A small electronic device worn in or behind the ear that amplifies sound for people with hearing loss.