The Change in a Company's Total Cost from Producing One

question 239

Multiple Choice

The change in a company's total cost from producing one more unit is called:

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

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Definitions:

Percentile

A measure indicating the value below which a given percentage of observations in a group of observations falls.

Very High

A term often used in statistics and research to describe data points or values that are significantly above the average or expected range.

Very Low

Refers to a quantitative or qualitative measure indicating a minimal level or degree of something.

About Average

A term used to describe a value or performance that is considered to be typical or within the middle range of a dataset or comparative group.