Answers 26-27 Ignite Economics-KY-Economics Case Study: Starting a Business — Unit testQuestion 13

13

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Case Study: Starting a Business — Unit test

Question 13 of 25 • 26-27 Ignite Economics-KY-Economics

What is the best definition of marginal cost?

Answer

A

the possible income from producing an additional item

B

the price of producing one additional unit of a good

C

the additional income gained from selling an additional good

D

the financial gain from business activity minus expenses

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