Marginal cost can be defined as the
A)change in total fixed cost resulting from one more unit of production.
B)change in total cost resulting from one more unit of production.
C)change in average total cost resulting from one more unit of production.
D)change in average variable cost resulting from one more unit of production.

Question

Quizplus · Accepted Answer

Marginal cost is defined as the change in total cost that arises when the quantity produced is incremented by one unit. It is the cost of producing one more unit of a good.

Marginal Cost Can Be Defined as the