A. Fixed cost
B. Total cost
C. Average cost
D. Marginal cost
Correct Answer:
Option D – Marginal cost
Explanation
Marginal cost is the additional cost incurred in the production of one more unit of a good or service.
A. Fixed cost
B. Total cost
C. Average cost
D. Marginal cost
Correct Answer:
Option D – Marginal cost
Explanation
Marginal cost is the additional cost incurred in the production of one more unit of a good or service.
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