Question

Marginal cost is definedas
(A) the change in total cost due to one unit change inoutput.
(B) the change in total cost due to one unit change ininput.
(C) the ratio of total cost to totaloutput
(D) the ratio of total cost to totalinput​

Answer 1

Answer:

The change in the total cost due to the production of one more unit is the marginal cost of that unit.

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