Marginal Factor Cost Is

question 198

Multiple Choice

Marginal factor cost is

• A) the change in the value of output from using an additional unit of the factor.
• B) the cost of an additional unit of output.
• C) the total value of factor cost divided by the one cost that is being held constant.
• D) the cost of using an additional unit of an input.

---

Definitions:

Organizations

Groups or institutions wherein multiple individuals work together to achieve common goals or undertake specific tasks.

Trade Agreement

An agreement between two or more nations regarding the conditions of trade between them.

Canada Proud

A specific reference, potentially associated with expressions of national pride or social movements aimed at promoting Canada's culture, values, and interests.