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Shirree Morgan
on Oct 27, 2024

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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.
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Evelyn EnriquezOct 29, 2024
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