Question

g Marginal resource cost is rev: 06_21_2018 Multiple Choice the increase in total resource cost associated with the production of one more unit of output. the increase in total resource cost associated with the hire of one more unit of the resource. total resource cost divided by the number of inputs employed. the change in total revenue associated with the employment of one more unit of the resource.

Answer 1

Answer:

The correct answer is option B.

Explanation:

The marginal resource cost can be defined as the increase in the total resource cost because of employing one additional unit of resource or input.

It can be calculated by the ratio of change in total cost to change in quantity of inputs.

The above definition is most applicable to option B.

So, we can say that option B is the correct answer.