The Change in Total Cost Resulting from a One-Unit Increase

question 150

Multiple Choice

The change in total cost resulting from a one-unit increase in the change in quantity is

• A) average variable cost.
• B) marginal cost.
• C) average total cost.
• D) opportunity cost.

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Definitions:

Truth Values

The values that denote the truthfulness of a statement, typically categorized as true or false.

Conjunction

A logical operator that links propositions together in such a way that the resulting statement is true only when both propositions are true.

Disjunction

A logical operation that results in true if at least one of its components is true.

Conditional

A compound proposition containing two component propositions (the antecedent and the consequent) and asserting that the truth of one component would be sufficient for the truth of the other.