Which of the Following Defines Marginal Cost

question 70

Multiple Choice

Which of the following defines marginal cost?

• A) It is the cost of an alternative that must be forgone in order to pursue a certain action.
• B) It is the cost of producing an additional unit of output.
• C) It is the cost that is independent on the level of goods or services produced by the business.
• D) It is the cost that has already been incurred and cannot be recovered.
• E) It is the cost incurred in making an economic exchange.

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Definitions:

Extrasensory Perception

The supposed ability to gain information without the use of the known senses or through physical interaction.

Events

Occurrences or happenings that are distinctive and can be identified in time and space.

Vestibular Sense

The sensory system that provides the leading contribution to balance and spatial orientation for the purpose of coordinating movement with balance.

Inner Ear

The innermost part of the ear, containing the cochlea, vestibular system, and associated structures, essential for hearing and balance.