The change in total cost resulting from a one-unit change in quantity is _____ cost.

A) average fixed
B) average variable
C) marginal
D) average total

Total Cost

The complete amount of expenses incurred by a business in producing goods or services, including both fixed and variable costs.

Quantity Change

An alteration in the amount of goods or services supplied or demanded in a market.

Average Fixed

The fixed costs of production divided by the quantity of output produced, illustrating how those costs are spread over output.