A

Admin • 802.91K Points
Coach

Q. What does the term 'marginal cost' refer to?

  • (A) Total fixed cost
  • (B) Cost of producing one additional unit
  • (C) Total variable cost
  • (D) Total cost of production
Explanation by: Admin
Marginal cost is the increase in total cost that arises from producing one additional unit.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.