The extra or additional cost associated with the production of an additional unit of output is the cost.
Question
Solution 1
The extra or additional cost associated with the production of an additional unit of output is called marginal cost. Marginal cost is a fundamental concept in economics and production; it helps businesses determine the cost-effectiveness of scaling production.
To understand it better, marginal Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
The extra or additional cost associated with the production of an additional unit of output is the cost.
45.A change in total cost caused by adding one more unit to the production total is called: A. Fixed cost. B. Variable cost. C. Marginal cost D. Total cost
The amount of output produced per unit of input used is referred to as ______.productivitymarginal costspecializationdivision of labor.
The difference between the cost of inputs and the value or price of outputs. ( disregard the dash; use space instead )
otal of all direct costs is termed as .a.cost of production.b.cost of sales.c.prime cost.d.works cost.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.