The _______ is the amount by which an additional unit of activity increases its cost.
A) marginal cost
B) average cost
C) average profit
D) marginal benefit

Name: The _______ is the amount by which an additional unit of activity increases its cost. A) marginal cost B) average cost C) average profit D) marginal benefit
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Question

Quizplus · Accepted Answer

The definition provided matches the concept of marginal cost - the additional cost incurred by producing one more unit of a product or service.

The _______ Is the Amount by Which an Additional Unit