Marginal Cost Is

question 66

Multiple Choice

Marginal cost is

• A)the total cost of producing one unit of a good or service.
• B)the average cost of producing a good or service.
• C)the difference between the lowest price a firm would have been willing to accept and the price it actually receives.
• D)the additional cost to a firm of producing one more unit of a good or service.

---

Definitions:

Alpha Waves

Brain waves detected by electroencephalography (EEG) that are typically associated with a state of relaxed, awake alertness.

Beta Waves

Brainwave patterns associated with active, alert consciousness and cognitive processes.

Delta Waves

Slow brain waves that indicate deep sleep or unconsciousness.

Spatial Perception

The ability to recognize and organize objects and their spatial relation in an environment.