Asked by
savannah Alston
on Oct 12, 2024
Verified
At an output of 1,marginal cost is
A) 0.
B) $200.
C) $300.
D) $400.
Marginal Cost
The additional cost incurred in producing one more unit of a good or service.
Variable Cost
Costs that change in proportion to the level of production or sales activity of a business.
Total Cost
The overall expense incurred in the production of goods or services, including both fixed and variable costs.
- Acquire knowledge on the theory and calculation involved in marginal cost (MC).
Verified Answer
DB
Learning Objectives
- Acquire knowledge on the theory and calculation involved in marginal cost (MC).