Marginal Costs Are Defined as

question 306

Multiple Choice

Marginal costs are defined as

• A) the change in total costs due to a one-unit change in production.
• B) costs that are viewed as marginal; of little or small importance.
• C) costs that represent a change, but one that cannot be measured correctly.
• D) the change in the decisions that are made by households and firms.

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Definitions:

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