________ is the incremental cost generated by moving from one feasible alternative to the next feasible alternative.
A) Total cost
B) Indirect cost
C) Marginal cost
D) Opportunity cost

Question

Quizplus · Accepted Answer

The definition given in the question matches that of marginal cost, which is the additional cost incurred in producing one more unit or making a change from one feasible alternative to another. Total cost refers to the overall cost of all units produced or all feasible alternatives considered. Indirect cost refers to expenses that are not directly related to production or a specific project. Opportunity cost is the cost of the foregone alternative when a decision is made (i.e. the value of the next best alternative that is given up). Thus, the correct answer is C - Marginal cost.

________ Is the Incremental Cost Generated by Moving from One