The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2

-The addition to a business firm's total costs, that comes from producing one more unit of output, is its:
A)total variable cost.
B)marginal cost.
C)sunk cost.
D)opportunity cost.
E)total fixed cost

Question

The table given below reports the marginal revenue and marginal cost of Holmes Detective Agency for each client.Table 9.2
 
-The addition to a business firm's total costs, that comes from producing one more unit of output, is its:
A)total variable cost. 
B)marginal cost. 
C)sunk cost. 
D)opportunity cost. 
E)total fixed cost

Quizplus · Accepted Answer

Marginal cost is the cost of producing one additional unit of output. It represents the change in total cost that results from producing one more unit. Therefore, it is the addition to a business firm's total costs that comes from producing one more unit of output. The other options (total variable cost, sunk cost, opportunity cost, and total fixed cost) are not related to the addition of producing one more unit of output.

The Table Given Below Reports the Marginal Revenue and Marginal