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.

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Definitions:

Bidirectionally

In a manner that involves or capable of moving in two opposite directions.

Nitrogen Bases

Organic molecules that serve as the building blocks of nucleotides, which in turn make up nucleic acids like DNA and RNA. The main nitrogen bases are adenine, thymine, cytosine, guanine, and uracil.

RNA Primer

The sequence of about five RNA nucleotides that are synthesized during DNA replication to provide a 3' end to which DNA polymerase adds nucleotides. The RNA primer is later degraded and replaced with DNA.

RNA Primase

An enzyme that creates a short RNA primer as the first step in DNA replication, necessary for DNA polymerase to initiate synthesis.