Marginal Factor Cost Is

question 86

Multiple Choice

Marginal factor cost is

• A) the change in total costs due to a one-unit change in the quantity of the good produced.
• B) the change in total costs due to a one-unit increase in the variable input.
• C) the change in the price of an input when an additional unit of the input is hired.
• D) the marginal cost of changing the rate of production in the long run.

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