If a firm increases its output by one unit, the amount by which its costs increase by is called:
A) marginal cost
B) average cost
C) marginal product
D) variable cost
Correct Answer:
Verified
Q81: Graph 13-2 Q91: Average total cost is equal to: Q94: As the quantity produced increases: Q95: To an economist, it is conceivable that Q96: Average total cost equals: Q100: Amy runs a successful wedding photography business. Q103: Marginal cost equals which of the following? Q103: If total costs are divided by the Q109: Marginal cost is equal to average total Q118: Graph 13-3 
A)average variable
A)average fixed cost
A)change in total costs
(i)
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