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marginal cost group of answer choices is the change in the total cost when hiring one more factor of production. is the change in total output from hiring one more factor of production. is the change in total cost associated with a one-unit increase in production. falls when there are diminishing returns.

Respuesta :

Marginal cost is the change in total cost associated with a one-unit increase in production.

What is marginal cost?

  • In managerial accounting, the idea of marginal cost is crucial because it may be used to maximize production through economies of scale within an organization.
  • By producing at the point where marginal cost (MC) equals marginal revenue, a business can optimize its earnings (MR).
  • Because fixed costs are fixed regardless of output levels, larger production spreads the total fixed cost over more units, resulting in a lower fixed cost per unit.
  • Production levels affect variable costs, so increasing the number of units will increase those costs.

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