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

Question

Quizplus · Accepted Answer

The additional cost resulting from a small increase in some activity is known as the marginal cost. It is the cost of producing one more unit or the cost of one more action.

The Additional Cost Resulting from a Small Increase in Some