Asked by
Shirree Morgan
on Oct 27, 2024Verified
For Heidi,the marginal cost of producing one additional photograph equals the change in _____ cost divided by the change in the _____ of photographs.
A) total;number
B) marginal;number
C) total;marginal product
D) average;number
Marginal Cost
The expansion in total financial commitment from producing one extra unit of a product or service.
Total Cost
The aggregate expense incurred in the manufacture or delivery of a product, including all overheads.
- Discriminate between marginal cost and total variable cost, and evaluate the total variable cost.
Verified Answer
EE
Learning Objectives
- Discriminate between marginal cost and total variable cost, and evaluate the total variable cost.