Marginal Cost Can Be Defined as the

question 135

Multiple Choice

Marginal cost can be defined as the

• A)change in total fixed cost resulting from one more unit of production.
• B)change in total cost resulting from one more unit of production.
• C)change in average total cost resulting from one more unit of production.
• D)change in average variable cost resulting from one more unit of production.

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Definitions:

Expected Shortage

Expected shortage refers to the anticipated shortfall in inventory due to higher demand than the supply available.

Inventory Stock

The quantity of goods or materials a business holds for the purpose of resale or production.

Product Availability

The state of a product being in stock and accessible for purchase by consumers.

Customer Order

A request made by a customer to purchase goods or services from a business.