-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:

Abilities

The physical and mental capacities that enable an individual to perform tasks or engage in activities.

Ethical Dilemma

A situation in which a person must choose between two or more actions that have ethical implications, making it difficult to decide what is right.

Informed Decision

A decision made based on a comprehensive understanding of the relevant information, implications, and consequences.

Ethics Competency

The ability to understand and apply ethical principles and standards to one’s professional behavior and decision-making processes.