Marginal cost is ____________.
A)The cost of producing an additional unit of output
B)
The total cost of production
C)
The revenue from selling an additional unit of output
D)none of the above

Question

​Marginal cost is ____________.
A)The cost of producing an additional unit of output
B) 
The total cost of production
C) 
The revenue from selling an additional unit of output
D)none of the above

Quizplus · Accepted Answer

Marginal cost represents the additional cost incurred in producing one more unit of output. It is calculated by dividing the change in total cost by the change in the quantity produced. Marginal cost is important in decision-making as it helps determine the optimal level of production where marginal cost equals marginal revenue, maximizing profit.

​Marginal Cost Is ____________

Marginal Cost Is ____________