Marginal Cost Refers to the Change in Total Cost for a One-Unit

question 59

True/False

Marginal cost refers to the change in total cost for a one-unit change in output and also to the change in total variable cost for a one-unit change in output

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Definitions:

Interface

A shared boundary across which two separate components of a computer system exchange information.

Path Separator

The backslash mark (\) used by Microsoft Windows and DOS in file names. Mac files use a colon (:), and UNIX and Linux use the forward slash (/) as the path separator.

Character

in computing, refers to any letter, number, space, punctuation mark, or symbol that can be typed on a computer.

Smartphones

Mobile phones with advanced computing capabilities, including internet access, apps, and often a touch-screen interface.