Marginal Cost

question 71

Multiple Choice

Marginal cost

• A) is the increase in total cost resulting from producing one more unit of output.
• B) is the average cost of production divided by output.
• C) equals the increase in average variable cost resulting from producing one more unit of output.
• D) always equals average cost.

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Definitions:

Drug Administration

The process by which a drug is provided to a patient, including the method and frequency of delivery.

Right Route

Pertains to ensuring medications or treatments are administered through the correct pathway or method as per medical guidelines to ensure efficacy and safety.

Sentinel Event

A significant adverse event in a healthcare setting, indicating a need for immediate investigation and response to improve safety.

Omission or Commission

Actions of neglecting something that should be done (omission) or doing something that should not be done (commission), often leading to varying results or consequences.