Marginal cost is defined as
A) total variable cost resulting from a one-unit increase in quantity.
B) quantity resulting from a one-unit increase in total variable cost.
C) the change in total cost resulting from a one-unit increase in the change in quantity.
D) the change in quantity resulting from a one-unit increase in the change in total variable cost.

Question

Quizplus · Accepted Answer

Marginal cost is defined as the change in total cost that arises when the quantity produced is incremented by one unit. That is, it is the cost of producing one more unit of a good.

Marginal Cost Is Defined as