Marginal cost is the change in:
A)total cost resulting from a one-unit change in a variable input.
B)total cost resulting from a one-unit change in output.
C)total cost resulting from a one-unit change in average cost.
D)average cost resulting from a one-unit change in output.

Question

Quizplus · Accepted Answer

Marginal cost is defined as the change in total cost that arises when the quantity produced changes by one unit.

Marginal Cost Is the Change In