Question

Marginal cost refers to:
Options A-The cost which does not change with the change in amount of production of a good
B-The cost which changes 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

Answer:

In economics, marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.

Explanation:

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