Marginal cost is defined as the increase in total cost resulting from an increase in
A) one unit of output.
B) output of 100 units.
C) a firm's plant size.
D) one unit of labor.

Name: Marginal cost is defined as the increase in total cost resulting from an increase in A) one unit of output. B) output of 100 units. C) a firm's plant size. D) one unit of labor.
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Question

Quizplus · Accepted Answer

Marginal cost is the additional cost incurred when producing one more unit of output.

Marginal Cost Is Defined as the Increase in Total Cost