Question

The change in a​ firm's total cost from producing one more unit of a good or service is A. the result of economies of scale. B. the definition of marginal product C. the definition of marginal cost. D. impossible to observe in large firms with many manufacturing plants.

Answer 1

Answer:

C. the definition of marginal cost. 

Explanation:

Marginal Cost is the additional cost incurred when one more unit of a good or service is produced.

Marginal product is change in total product as a result of adding one more factor of production.

Economies of scale is when a firm's cost of production falls as a result of its size. It is the cost advantage that accures to large firms.

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