The change in total variable cost resulting from a one-unit increase in the change in quantity is:
A)average variable cost.
B)marginal cost.
C)average total cost.
D)opportunity cost.

Name: The change in total variable cost resulting from a one-unit increase in the change in quantity is: A)average variable cost. B)marginal cost. C)average total cost. D)opportunity cost.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Marginal cost is the change in total variable cost that arises from producing one additional unit of a good or service.

The Change in Total Variable Cost Resulting from a One-Unit