Marginal cost is the
A) change in average cost when an additional unit of output is produced.
B) the additional output when total cost is increased by one dollar.
C) additional cost of producing an additional unit of output.
D) change in the price of inputs if a firm buys more inputs to produce an additional unit of output.

Question

Quizplus · Accepted Answer

Marginal cost is defined as the additional cost incurred to produce one more unit of output.

Marginal Cost Is the