a. Marginal cost is the change in a firm's total cost due to a one unit change in output.
b. Costs that are small and unimportant with little impact on profits are called marginal costs.
c. A marginal cost curve will always intersect the average total cost curve at the minimum average total cost.
d. Marginal cost and marginal productivity are inversely related.
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Home » Business » Which of the following statements is not true? a. Marginal cost is the change in a firm's total cost due to a one unit change in output. b. Costs that are small and unimportant with little impact on profits are called marginal costs. c.