Marginal cost is the cost of ________.
A) raw materials and labor
B) the last unit of production
C) rent and equipment
D) all expenses incurred by the firm

Name: Marginal cost is the cost of ________. A) raw materials and labor B) the last unit of production C) rent and equipment D) all expenses incurred by the firm
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Question

Quizplus · Accepted Answer

Marginal cost is the cost of producing an additional or last unit of a product or service. It is the additional cost incurred by producing one more unit of output.

Marginal Cost Is the Cost of ________