Marginal Cost Is Equal to

question 190

Multiple Choice

Marginal cost is equal to

• A) the total cost of a firm's production.
• B) total cost minus fixed cost.
• C) a cost that is not related to the quantity produced.
• D) the change in total cost that results from a one-unit increase in output.
• E) the change in fixed cost that results from a one-unit increase in output.

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Definitions:

Television Home Shopping Channels

TV channels dedicated to retailing goods directly to consumers through live presentations, offering viewers the opportunity to purchase items from the comfort of their home.

QVC

A multinational corporation specializing in televised home shopping that broadcasts to millions of consumers worldwide.

HSN

Home Shopping Network, a television network that broadcasts live retail programming 24 hours a day.

Nonstore Retailing

Selling goods or services outside of a traditional retail establishment, such as online, direct mail, or telemarketing.