Marginal Resource Cost Can Be Defined As

question 60

Multiple Choice

Marginal resource cost can be defined as:

• A)the increase in total resource cost associated with the production of one more unit of output
• B)the increase in total resource cost associated with the hiring of one more unit of the resource
• C)total resource cost divided by the number of units of the resource employed
• D)the change in total revenue associated with the employment of one more unit of the resource
• E)the increase in total output associated with the hiring of one more unit of the resource

---

Definitions:

Two Factors

In experimental design, refers to experiments that investigate the effect of two independent variables on a dependent variable.

Total Sum

The aggregate or overall total of a series of numbers or quantities.

Squares

In mathematics, the result of multiplying a number by itself.

Factor A

Represents an independent variable or input in an experiment or study that is manipulated to observe its effect on a dependent variable.