Multiple Choice
A bus is mostly filled with passengers and ready to travel from Los Angeles to San Francisco. At the last minute, a person comes running up to the bus and takes a seat. The change in the bus company's total cost as a result of transporting one more passenger on this trip is called:
A) marginal cost.
B) average total cost.
C) variable cost.
D) fixed cost.
E) opportunity cost.
Correct Answer:
Verified
Correct Answer:
Verified
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