What is the best definition of marginal cost? 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

ANSWER: B) The price of producing one additional unit of a good

EXPLANATION: Marginal Cost is the cost of producing one additional unit of goods or service. It is the change in the opportunity cost when one additional unit is added for production. All the costs that involved in producing the extra unit of goods is included in the Marginal Costs whereas the costs which does not have any affect on the number of units produced are called Fixed Costs.

the answer is b. osage.

location is the answer to this