[Economics] The addition to total cost that results from employing one additional unit of a resource is called

Question

Please help me out with my HW!!

The addition to total cost that results from employing one additional unit of a resource is called

A. average factor cost.

B. marginal factor cost.

C. average total cost.

D. marginal cost.

Thanks!

58

Answer 1

it should be marginal cost

Answer 2

B. marginal factor cost.

Answer 3

D

Answer 4

D. marginal cost.

im positive

Answer 5

Average total cost would be what it cost to manufacture a product, costs including everything from labor to energy consumption to equipment expenses and material costs, plus other overhead, etc.