_____ cost is the change in total cost that results from producing an additional unit of output.
A)Variable
B)Fixed
C)Additional
D)Marginal

Question

Quizplus · Accepted Answer

Marginal cost refers to the additional cost incurred for producing one extra unit of output. It helps businesses to make decisions regarding production levels and pricing strategies. Variable and fixed costs refer to the different types of costs incurred by a business and do not directly relate to the change in output. Additional cost is not a commonly used term in economics.

_____ Cost Is the Change in Total Cost That Results