________ Is the Additional Cost Resulting from Producing and Selling

question 78

Multiple Choice

________ is the additional cost resulting from producing and selling one additional unit.

• A) Marginal cost
• B) Common cost
• C) Opportunity cost
• D) Target cost

---

Definitions:

Total Utility

The cumulative satisfaction or value that a consumer derives from consuming a given amount or number of goods or services.

Indifference Curve

A graph showing different combinations of two goods between which a consumer is indifferent.

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Indifference Curve

A graph that shows combinations of two goods that give a consumer equal satisfaction and utility.