Question

Which of the statements is not true?Marginal cost is the change in a firm's total cost due to a one‑unit change in output.Costs that are small and unimportant with little impact on profits are called marginal costs.Marginal cost and marginal productivity are inversely related.A marginal cost curve will always intersect the average total cost curve at the minimum average total cost.

Answer 1

Costs that are small and unimportant with little impact on profits are called marginal costs.

Step-by-step explanation:

Marginal cost is the cost added by producing one additional unit of a product.