22- Marginal cost is best defined as: Question 45 options: a- a cost that does n

Question

22- Marginal cost is best defined as: Question 45 options:
a- a cost that does not vary with the rate of output.
b- the difference between fixed and variable cost at any level of output.
c- the amount added to total cost when one more unit of output is produced.
e- the difference between price and average total cost at the profit-maximizing level of output. 22- Marginal cost is best defined as: 22- Marginal cost is best defined as:
a- a cost that does not vary with the rate of output.
b- the difference between fixed and variable cost at any level of output.
c- the amount added to total cost when one more unit of output is produced.
e- the difference between price and average total cost at the profit-maximizing level of output. a- a cost that does not vary with the rate of output. b- the difference between fixed and variable cost at any level of output. c- the amount added to total cost when one more unit of output is produced. e- the difference between price and average total cost at the profit-maximizing level of output.
a- a cost that does not vary with the rate of output.
b- the difference between fixed and variable cost at any level of output.
c- the amount added to total cost when one more unit of output is produced.
e- the difference between price and average total cost at the profit-maximizing level of output.

Explanation / Answer

c- the amount added to total cost when one more unit of output is produced.

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