The change in total cost by a one-unit change in output is called the
A)marginal profit.
B)marginal revenue.
C)marginal demand.
D)marginal cost.

Question

Quizplus · Accepted Answer

The change in total cost by a one-unit change in output is called the marginal cost. Marginal profit and marginal revenue refer to changes in revenue or profit, not cost. Marginal demand is a concept related to the quantity demanded at a given price, not cost.

The Change in Total Cost by a One-Unit Change in Output