Marginal cost is:
A. the change in cost following a managerial decision
B. the change in output following a one dollar change in cost.
C. The change in cost following a unit change in output
D. The change in average cost following a one- unit change in output
Answer:C
Marginal cost is:
A. the change in cost following a managerial decision B. the change in output following a one dollar change in cost. C. The change in cost following a unit change in output D. The change in average cost following a one- unit change in output