Multiple Choice
Marginal cost is the amount that
A) total cost increases when one more labourer is hired.
B) fixed cost increases when one more labourer is hired.
C) variable cost increases when one more labourer is hired.
D) total cost increases when one more unit of output is produced.
E) fixed cost increases when one more unit of output is produced.
Correct Answer:
Verified
Correct Answer:
Verified
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