The Change in Cost That Results from a One-Unit Increase

question 188

Multiple Choice

The change in cost that results from a one-unit increase in output is called the

• A) average fixed cost.
• B) per-unit variable cost.
• C) per-unit total cost.
• D) marginal cost.
• E) average cost change.

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Definitions:

Elimination

A method in mathematics used to remove variables from equations, often used in solving systems of equations.

Linear Equations

Equations of the first degree, meaning they involve only the first powers of variables, representing straight lines in two-dimensional space.

Elimination

A method in algebra used for solving systems of equations by removing variables.

Linear Equations

Equations of the first degree, meaning they involve only linear terms and have graphs that are straight lines.