A Firm's Marginal Cost Is Defined as

question 9

Multiple Choice

A firm's marginal cost is defined as

• A)the ratio of total cost to total output.
• B)the ratio of total output to total cost.
• C)the additional cost of producing one more unit of output.
• D)the reciprocal of total average cost.

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Definitions:

Brainstem

The brainstem is the part of the brain that connects the cerebrum with the spinal cord and controls vital functions such as breathing, heart rate, and blood pressure.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Peripheral Nerves

Peripheral nerves are the nerves outside of the brain and spinal cord that transmit sensory and motor information to and from the rest of the body.

CNS

The Central Nervous System (CNS) consists of the brain and spinal cord, responsible for processing information and controlling responses.