7.5 — practice question

What does marginal cost mean?

• Athe difference between the total cost of producing n units and n – 1 units of output
• Bthe difference between the average variable cost of producing n units and n – 1 units of output
• Cthe difference between the average total cost of producing n units and n – 1 units of output
• Dthe average fixed cost of producing one more unit of output