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What is marginal cost? A. It is the change in a company’s total output arising from a change in the total price of one unit. B. It is the change in a company’s total revenue arising from a change in total output of one unit. C. It is the change in a company’s total cost arising from a change in total output of one unit. D. It is the change in a company’s average revenue arising from a change in total output of one unit.

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MrsWhitfield2018

A marginal cost is :

C. It is the change in a company’s total cost arising from a change in total output of one unit.

Answer:

C. It is the change in a company’s total cost arising from a change in total output of one unit.

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