Is Marginal Cost the Additional Cost Resulting from a Large

question 162

Short Answer

Is marginal cost the additional cost resulting from a large or small increase in some activity?

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Definitions:

Variable Costs

Costs that change in proportion to the level of output or activity in a business.

Square Feet

A measure of area in the imperial system, used to calculate the size of a space, equivalent to the area of a square with sides one foot in length.

Variable Costs

Costs that vary directly with the level of production or output.

Square Feet

A unit of area measurement equal to a square that is one foot on each side.