Which of the Following Best Describes Marginal Cost

Which of the following best describes marginal cost?

A) The per-unit-of-output cost for a product
B) The incremental cost of producing one more unit of output.
C) A cost invariant to the firm's output
D) The sum of all costs associate with the production of a product
E) The cost of fixed items such as general and administrative expenses

Correct Answer:

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