Question

marginal cost refers to :
(a) the cost which does not change with the change in amount of production of a goods.
(b) the cost which change with the change in amount of production of a good.
(c) the cost per unit of output .
(d) increase in total cost due to increase in one extra unit of output.

Answer 1

Marginal cost refers to " increase in total cost due to increase in one extra unit of output".

Answer 2

heya,
ur answer is (d) increase in total cost due to increase in one extra unit of output.

hope this help u!!