Marginal Cost Is

question 104

Multiple Choice

Marginal cost is:

• A)the additional output a firm will get by employing one additional unit of input.
• B)the additional cost a firm will incur by producing one additional unit of output.
• C)the total cost a firm will incur by producing a given level of output.
• D)the costs that sit on the margin, that do not change regardless of the level of output.

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Definitions:

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