The Cost Incurred from the Production of an Additional Unit

question 116

Multiple Choice

The cost incurred from the production of an additional unit of a product

• A)is a marginal cost to the firm.
• B)is called a loss.
• C)is called opportunity cost.
• D)must be zero for a firm to be efficient.

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Definitions:

Attributes

Characteristics or qualities that define an object, individual, or data.

Reputations

The beliefs or opinions that are generally held about someone or something's character, achievements, and qualities.

Word-Of-Mouth

The process of information or recommendations being passed from person to person, especially as a method of informal advertising.

Fragile

Characterized by being easily broken or damaged, often used metaphorically to describe situations, relationships, or systems that are unstable or vulnerable.