What is the extra cost associated with undertaking an activity called?
A)Net loss
B)Marginal cost
C)Opportunity cost
D)Foregone cost

Name: What is the extra cost associated with undertaking an activity called? A)Net loss B)Marginal cost C)Opportunity cost D)Foregone cost
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Question

Quizplus · Accepted Answer

Marginal cost refers to the additional cost incurred when undertaking an extra unit of an activity or producing one more unit of a good.

What Is the Extra Cost Associated with Undertaking an Activity