The Change in Total Cost Resulting from a One-Unit Increase

question 47

Multiple Choice

The change in total cost resulting from a one-unit increase in production is called:

• A)average fixed cost.
• B)average variable cost.
• C)marginal cost.
• D)average opportunity cost.
• E)marginal revenue.

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Definitions:

Job Conditions

The working environment and all its encompassing factors, including tasks, responsibilities, and physical and social setting.

Communication Competency

The ability to effectively convey information and understand messages in various contexts and through multiple channels.

Workplace Incivility

Low-intensity deviant behavior with ambiguous intent to harm the target, violating norms for mutual respect in the workplace.

Payroll Cycle

The periodic process of compensating employees, typically involving calculation, distribution, and reporting of earnings on a regular schedule, such as weekly or monthly.