The change in cost that results from a one-unit increase in output is called the
A) average cost change.
B) per-unit variable cost.
C) marginal cost.
D) per-unit total cost.
E) average fixed cost.

Question

Quizplus · Accepted Answer

The change in cost resulting from a one-unit increase in output is referred to as marginal cost. It represents the additional cost incurred by producing one additional unit of output. Thus, the correct option is (C) marginal cost.

The Change in Cost That Results from a One-Unit Increase