Which of the following defines marginal cost?

A) It is the cost of an alternative that must be forgone in order to pursue a certain action.
B) It is the cost of producing an additional unit of output.
C) It is the cost that is independent of the level of goods or services produced by the business.
D) It is the cost that has already been incurred and cannot be recovered.
E) It is the cost incurred in making an economic exchange.

B

Business

You might also like to view...

Job sharing expands jobs by increasing the degree to which the worker controls the planning, execution, and evaluation of the work

Indicate whether the statement is true or false

Business

Which is not a level of a data flow diagram?

a. conceptual level b. context level c. intermediate level d. elementary level

Business