The marginal cost is the:Multiple choice question.extra or additional cost associated with the consumption of an additional unit of output.average cost associated with the production of an additional unit of input.average cost associated with the use of an additional unit of input.extra or additional cost associated with the production of an additional unit of output.

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

Multiple Choice QuestionWhat is marginal resource cost?Multiple choice question.The change in a firm's total revenue when it employs one additional unit of a resource.The change in quantity demanded of a resource that results from a change in its relative cost.The additional output produced when one additional unit of a resource is employed.The amount that each additional unit of a resource adds to the firm's total resource cost.

How is marginal cost related to marginal product of labor? They are inversely related They are directly related They have no relation They are related through the average total cost

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.

Under the Marginal cost pricing, the price is determined on the basis of;  A. Fixed cost  B. Variable cost  C. Total cost  D. Average cost