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Match the terms with their definitions marginal cost variable cost fixed cost profit total cost 1. a cost that does not vary based on production or sales . ex . rent 2. a cost that changes when productions increases or decreases. ex shipping costs 3. what is given up when one more unit is produced . ex additional utility charges due to keeping the store open later . 4. sum of the fixed and variable costs , the cost of production. ex . the total monthly operating expenses for a store or factory 5. the money left over after all of the expenses are paid
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Match the terms with their definitions marginal cost variable cost fixed cost profit total cost...
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