Marginal Cost Is Defined as the

question 115

Multiple Choice

Marginal cost is defined as the

• A)change in total cost resulting from an additional unit of output.
• B)change in fixed cost resulting from an additional unit of output.
• C)difference between average total cost and average variable cost.
• D)cost per unit when the firm is operating at capacity.
• E)cost of an additional unit of a variable factor of production.

---

Definitions:

DSS

Stands for Decision Support System, a computer-based information system that supports business or organizational decision-making activities.

TPS

A Transaction Processing System is an information system designed to gather, store, alter, and recover an organization's transaction data.

PLM

Product Lifecycle Management, a systematic approach to managing the series of changes a product goes through, from its design and development to its ultimate disposal.

CIM

Computer-Integrated Manufacturing, an approach to manufacturing that involves the use of computers to control the entire production process, from design and manufacturing to product delivery.