Which of the following terms describes the cost of producing the next unit?
A)marginal cost.
B)programmed cost.
C)managed cost.
D)next cost.

Question

Quizplus · Accepted Answer

Marginal cost is the cost of producing one additional unit of a product or service. It is important for businesses to understand their marginal cost to determine the optimal level of production to maximize profits. The other choices (programmed cost, managed cost, and next cost) are not commonly used terms in economics or finance.

Which of the Following Terms Describes the Cost of Producing