Question

Marginal cost can be defined as the change in Multiple Choice cost resulting from one more unit of production. cost resulting from one less unit of production. benefit resulting from one more unit of production. benefit resulting from one less unit of production.

Answer 1

The correct definition of what a marginal cost actually is, is:

• A. Cost resulting from one more unit of production. cost resulting from one less unit of production

Marginal Cost

This refers to the change in total cost as it relates to the extra unit of production which has to do with the cost that comes from one Iess unit that comes from the unit of production.

Therefore, the correct answer is option A

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