Marginal cost is understood as the change in when producing one more unit of output. In the short run, marginal cost can also be determined by the change in when producing one more unit of output.
a. variable cost; fixed cost
b. total cost; fixed cost
c. fixed cost; variable cost
d. total cost; variable cost

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

12.     to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill. student a   incorrect which is correct answer?