The additional cost resulting from a small increase in some activity is called the:
A) marginal cost.
B) marginal benefit.
C) diminishing returns of the activity.
D) opportunity cost.

Question

Quizplus · Accepted Answer

The additional cost resulting from a small increase in some activity is called the marginal cost. Marginal cost is the change in total cost that arises when the quantity produced or the activity changes by one unit.

The Additional Cost Resulting from a Small Increase in Some