Marginal Cost Is the

question 223

Multiple Choice

Marginal cost is the

• A)change in total cost resulting from the purchase of one more unit of the variable input.
• B)change in total cost resulting from the production of one more unit of output.
• C)difference between total fixed cost and total variable cost.
• D)difference between total cost and total expenditure.

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Definitions:

Sales Transactions

Financial activities related to the sale of goods or services to customers.

New Transaction

A term referring to each instance when a financial operation or exchange is initiated or recorded.

Navigation Bar

A component of a graphical user interface used for moving through the various parts and features of a software application or website by providing quick access links.

Customers List

A record or database containing the details and transaction history of a business's customers.