The cost of producing one more unit of a good or service is equal to its
A) consumer surplus.
B) marginal expenditure.
C) marginal cost.
D) marginal benefit.
E) producer surplus.

Question

Quizplus · Accepted Answer

The cost of producing one more unit of a good or service is referred to as the marginal cost. It is the increase in total cost that arises from producing an additional unit of output.

The Cost of Producing One More Unit of a Good