Marginal cost can be defined as the: O Change in fixed costs resulting from one more unit of production. Additional cost incurred by producing an additional unit. O Difference between fixed and variable cost at any level of output. O Difference between price and average total cost.

Marginal cost can be defined as the: O Change in fixed costs resulting from one more unit of production. Additional cost incurred by producing an additional unit. O Difference between fixed and variable cost at any level of output. O Difference between price and average total cost.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 12SQ

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Question

Marginal cost can be defined as the:
O Change in fixed costs resulting from one more unit of production.
Additional cost incurred by producing an additional unit.
O Difference between fixed and variable cost at any level of output.
O Difference between price and average total cost.

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