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Author Question: Which of the following defines marginal cost? A) It is the cost of an alternative that must be ... (Read 19 times)

newyorker26

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on: Jul 7, 2018
Which of the following defines marginal cost?
 
  A) It is the cost of an alternative that must be forgone in order to pursue a certain action.
  B) It is the cost of producing an additional unit of output.
  C) It is the cost that is independent of the level of goods or services produced by the business.
  D) It is the cost that has already been incurred and cannot be recovered.
  E) It is the cost incurred in making an economic exchange.

Question 2

An attribute is also referred to as a ________.
 
  A) form
  B) record
  C) field
  D) query
  E) bot


amandanbreshears

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

C


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