Marginal cost is the change in total cost resulting from a one-unit change in output.

Name: Marginal cost is the change in total cost resulting from a one-unit change in output.
Brand: Quizplus
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Quizplus · Accepted Answer

Marginal cost is calculated as the change in total cost divided by the change in output, which means it represents the cost of producing one additional unit of output. Therefore, it is true that marginal cost is the change in total cost resulting from a one-unit change in output.

Marginal Cost Is the Change in Total Cost Resulting from a One-Unit