Which of the following represents the change in total cost that results from a one-unit increase in production?
A)Marginal profit.
B)Total revenue.
C)Marginal cost.

Question

Quizplus · Accepted Answer

The change in total cost that results from a one-unit increase in production is called marginal cost. Marginal profit would refer to the change in total revenue resulting from a one-unit increase in production, and total revenue refers to the total amount of money earned from sales, which is not related to the change in production.

Which of the Following Represents the Change in Total Cost