Which of the following represents the change in total cost that results from a one-unit increase in production?
A)Marginal profit.
B)Total revenue.
C)Marginal cost.
D)Marginal revenue.

Question

Quizplus · Accepted Answer

The change in total cost that results from a one-unit increase in production is known as marginal cost. Marginal profit refers to the change in total profit resulting from a change in production, while total revenue is the total amount of income generated from sales. Marginal revenue refers to the change in total revenue resulting from a change in production.

Which of the Following Represents the Change in Total Cost