Question

most important measure of unit cost; additional cost of producing an additional unit of output ; difficult to measure with certainty

Answer 1

The most important measure of unit cost in business is the marginal cost. Marginal cost refers to the additional cost incurred in producing an additional unit of output. It is difficult to measure with certainty because it depends on various factors such as economies of scale, efficiency, and input prices.

Step-by-step explanation:

The most important measure of unit cost in business is the marginal cost. Marginal cost refers to the additional cost incurred in producing an additional unit of output. It is difficult to measure with certainty because it depends on various factors such as economies of scale, efficiency, and input prices.