The change in total output divided by the change in input is known asGroup of answer choicesmarginal cost.specialization.marginal product.marginal profit.total product.

Marginal cost can be defined as Group of answer choicesNone of the abovethe change is total fixed cost as a result of a change in outputthe change in average total cost as a result of a change in outputthe change in total variable cost as a result of a change in output

The increase in output created by the addition of one more unit of input is called:A.marginal revenue product.B.marginal resource cost.C.marginal physical product.D.marginal revenue.E.marginal cost.

Marginal revenue is the change in totalGroup of answer choicesrevenue received when the firm spends more money.cost incurred when the firm produces one additional unit.revenue divided by the change in total cost.cost divided by the change in total revenue.revenue received when the firm produces one additional unit.

The additional output produced as a result of utilizing one more unit of a variable resource is called:Multiple choice question.marginal revenue.marginal product.total cost.total product.

As output increases, fixed cost per unit:Group of answer choicesremains constant.increases.equals to fixed costs.decreases.