-What Is the Term for the Increase in Total Variable

question 131

Multiple Choice

-What is the term for the increase in total variable costs which results from the production of one more unit of output?

• A)Marginal cost.
• B)Total variable cost.
• C)Average variable cost.
• D)Total cost.

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Definitions:

Moral Rules

Principles that govern behaviors based on what is considered right and wrong within a society or group.

Standards

Standards in negotiations serve as benchmarks or criteria against which proposals or outcomes can be measured or evaluated.

End-result Ethics

A perspective in ethics focusing on the outcomes or consequences of actions to determine their morality, rather than the actions themselves or the principles behind them.

Greater Good

An action or policy prioritized for its benefit to the community or society as a whole, rather than to individuals.