Marginal Cost Is the

question 200

Multiple Choice

Marginal cost is the

• A)change in average cost when an additional unit of output is produced.
• B)additional output when total cost is increased by one dollar.
• C)additional cost of producing an additional unit of output.
• D)change in the price of inputs if a firm buys more inputs to produce an additional unit of output.

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Definitions:

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The act of composing and sending brief, electronic messages between two or more mobile devices or computers.

Memorandum

A written message used for internal communication within an organization, often informal and addressing operational matters.

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A division within a company responsible for acquiring goods and services needed for business operations.