Marginal costs
A)are the incremental costs associated with making a decision.
B)are the expenditures already made that can't be recovered.
C)are not relevant when making an economic decision.
D)are costs that are usually classified under "miscellaneous."

Question

Quizplus · Accepted Answer

Marginal costs refer to the additional or incremental costs that arise from producing or consuming one more unit of a good or service. These costs are relevant for decision-making as they provide information on whether or not to produce or consume additional units.

Marginal Costs