_____ is the additional cost resulting from producing and selling one additional unit.
A)Marginal cost
B)Common cost
C)Opportunity cost
D)Markup

Question

Quizplus · Accepted Answer

Marginal cost is the additional cost incurred when producing and selling one additional unit. It takes into account the direct costs such as labor, material, and equipment required to produce one more unit. Common cost is a fixed cost that is shared among different products or departments. Opportunity cost is the cost of the next best alternative forgone when making a decision. Markup is the amount added to the cost of a product to determine its selling price.

_____ Is the Additional Cost Resulting from Producing and Selling