Marginal Cost

question 58

Multiple Choice

Marginal cost

• A)measures how total cost changes when input prices change.
• B)measures how total cost changes when one more unit of output is produced.
• C)is less than average cost when average cost is decreasing.
• D)both a and b
• E)both b and c

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Definitions:

Verbal Communication

The process of conveying messages or information through spoken words.

Vocal Kinesic Message

Non-verbal communication conveyed through voice modulation and pitch, emphasizing the speaker's message beyond words.

Visual Kinesic Message

Communication through body language, such as gestures or facial expressions, which conveys information without spoken words.

Casual Listening

A form of listening where the listener is not actively seeking to understand or analyze the information being heard.