The addition to a business firm's total costs that comes from producing one more unit of output is:
A)total variable cost.
B)marginal cost.
C)sunk cost.
D)opportunity cost.
E)total fixed cost

Question

Quizplus · Accepted Answer

The addition to a business firm's total costs that comes from producing one more unit of output is called marginal cost. It is the cost of producing an additional unit of output and is calculated by dividing the change in total cost by the change in quantity produced.

The Addition to a Business Firm's Total Costs That Comes