Marginal Resource Cost Refers to the

Multiple Choice

Marginal resource cost refers to the

A) increase in total revenue resulting from the sale of the extra output of one more worker.
B) price at which additional units of a resource can be hired in an imperfectly competitive resource market.
C) increase in total cost resulting from producing one more unit of output.
D) amount by which a firm's total resource cost increases as the result of hiring one more unit of the resource.