Marginal cost
A)is the increase in total cost resulting from production of one additional unit of output.
B)is the cost of the marginal unit of output.
C)and the average cost curve are U-shaped.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Marginal cost is the increase in total cost resulting from production of one additional unit of output, and it is also the cost of the marginal unit of output. The marginal cost curve and the average cost curve are both U-shaped.

Marginal Cost