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:

Macrosociological

Pertaining to the analysis of large-scale social processes, structures, and institutions.

Sociologists

Scholars or practitioners who study social behaviors, institutions, relationships, and development.

Manifest Function

An explicit or intended, beneficial outcome of a structure or institution within society.

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Footwear specifically designed for sports and physical activities, offering various features to enhance performance, provide comfort, and support the feet.