Question

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.

Answer 1

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

Answer 2

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.