The marginal cost of an activity is a measure of ________ the activity.
A) what is forgone with every one unit increase in
B) the total cost of
C) the benefit derived from every one unit decrease in
D) the benefit derived from every one unit increase in
E) sunk cost of

Question

Quizplus · Accepted Answer

Marginal cost refers to the additional cost involved in producing one additional unit of output. It measures what is forgone with every one unit increase in the activity.

The Marginal Cost of an Activity Is a Measure of ________