What is the change in total costs associated with a one-unit change in output?
A) variable cost
B) marginal cost
C) flex cost
D) elastic cost

Question

Quizplus · Accepted Answer

The change in total costs associated with a one-unit change in output is referred to as marginal cost. Marginal cost is important for businesses to consider when making decisions about how much to produce, as it helps determine the optimal level of production to maximize profits.

What Is the Change in Total Costs Associated with a One-Unit