MCQOPTIONS
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| 1. |
Marginal cost is defined as |
| A. | the change in total cost due to one unit change in output. |
| B. | the change in total cost due to one unit change in input. |
| C. | the ratio of total cost to total output |
| D. | the ratio of total cost to total input |
| Answer» B. the change in total cost due to one unit change in input. | |