The cost of a one-unit increase in an activity
A)is called the unit cost.
B)is called the marginal benefit/cost.
C)is called the total one-unit cost.
D)is called the marginal cost.
E)decreases as more of the activity is done.

Question

Quizplus · Accepted Answer

The cost of a one-unit increase in an activity is known as the marginal cost. Marginal cost refers to the additional cost of producing one more unit of a good or service.

The Cost of a One-Unit Increase in an Activity