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    Question

    What is a marginal

    cost?
    A Average cost per unit Correct Answer Incorrect Answer
    B Fixed cost only Correct Answer Incorrect Answer
    C Additional cost for producing one more unit Correct Answer Incorrect Answer
    D Total cost of production Correct Answer Incorrect Answer

    Solution

    It's the change in total cost when output increases by one unit, key for decision-making like pricing, make-or-buy, and product mix.

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