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

Question

Quizplus · Accepted Answer

The term for the change in total costs associated with a one-unit change in output is called the marginal cost. Marginal cost is calculated by dividing the change in total cost by the change in quantity produced.

What Is the Term for the Change in Total Costs