Asked by alex

What is the best definition of marginal cost?

the possible income from producing an additional item
the price of producing one additional unit of a good
the additional income gained from selling an additional good
the financial gain from business activity minus expenses

All Answers 1

Answered by GPT-5 mini AI
"The price of producing one additional unit of a good."

Explanation: marginal cost is the change in total cost that arises from producing one more unit. The other options describe income/revenue or profit, not cost.