………. Is the increase or decrease in total cost which results from producing or selling additional or fewer units of a product or from a change in the method of production or distribution such as the use of improved machinery, addition or exclusion of a product or territory or selection of an additional sales channel.

Question

Quizplus · Accepted Answer

Marginal cost refers to 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 or service and is used to analyze the cost of expanding production or making changes in production methods.

……… Is the Increase or Decrease in Total Cost Which