Marginal Cost Is the Change in Total Cost That Results

question 186

Multiple Choice

Marginal cost is the change in total cost that results from

• A) reducing the total number of units produced.
• B) increasing the number of units produced by 1 percent.
• C) increasing the number of products in a product line.
• D) producing and marketing one additional unit of a product.
• E) the percentage change that results from changing a product feature or service benefit to reduce costs.

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Definitions:

Precognition

The purported psychic ability to see or know about events before they happen.

Telekinesis

The purported psychic ability allowing a person to influence a physical system without physical interaction.

Clairvoyance

The alleged ability to gain information about an object, person, location, or physical event through extrasensory perception.

Psychometry

The claimed psychic ability to discover facts about an event or person by touching inanimate objects associated with them.