The _____ is the amount by which an additional unit of activity increases its total 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 total 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, which is the additional cost incurred when producing one more unit of a good or service.

The _____ Is the Amount by Which an Additional Unit