Multiple Choice
The addition to total cost resulting from the addition of the last unit of output is the ________ cost.
A) total variable
B) average variable
C) fixed
D) implicit
E) marginal
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q34: As output increases,average total cost eventually rises
Q35: According to economist Richard Gill in the
Q36: Short-run costs that increase and decrease as
Q37: In the short run,when output is zero,_
Q38: In addition to preferences,a consumer's choice is
Q40: Another name for opportunity cost is _
Q41: When a firm increases all its inputs
Q42: The following schedule shows the utility Mr.
Q43: In a market economy,firms decide what and
Q44: In general,what percentage of their income do