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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #723728
Introduction to Economics 1 Deneme Sınavı Sorusu #723728
Which of the followings refers to the cost of producing the last unit of output?
|
Marginal cost |
|
Total cost |
|
Fixed cost |
|
Variable cost |
|
Average cost |
Yanıt Açıklaması:
The Marginal cost (MC) is the cost of producing the last unit of output. It tells us how the total cost (and the total variable cost) changes as the output changes. Therefore, the correct option is A.
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