Marginal cost is defined as the increase in total cost resulting from an increase in:

Name: Marginal cost is defined as the increase in total cost resulting from an increase in:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Marginal cost is the additional cost incurred in producing one additional unit of output. Therefore, the increase in total cost resulting from an increase in one unit of output is the definition of marginal cost. Choices B, C, and D are not the definition of marginal cost.

Marginal Cost Is Defined as the Increase in Total Cost