The overall cost of producing goods and services usually decreases per unit as the quantity of units made increases. Which term is used to describe the cost of producing one more unit of output?

A.

fixed cost

B.

marginal cost

C.

opportunity cost

D.

total cost

Question

Emiliano Woods

History

17 July, 07:36

The overall cost of producing goods and services usually decreases per unit as the quantity of units made increases. Which term is used to describe the cost of producing one more unit of output?

A.

fixed cost

B.

marginal cost

C.

opportunity cost

D.

total cost

+1

Answers (2)

Know the Answer?

Chanel Carney · Answer 1

I did this and it's B

Karter Humphrey · Answer 2

its B : marginal cost

Explanation:

In economics, marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.

The overall cost of producing goods and services usually decreases per unit as the quantity of units made increases. Which term is used to describe the cost of producing one more unit of output?A.fixed costB.marginal costC.opportunity costD.total cost

The overall cost of producing goods and services usually decreases per unit as the quantity of units made increases. Which term is used to describe the cost of producing one more unit of output?

A.

fixed cost

B.

marginal cost

C.

opportunity cost

D.

total cost