Marginal cost of production refers to the change in total cost to produce ______ additional unit(s).

Correct option is A

The correct answer is (a) 1.

Solution:

Marginal cost (MC) refers to the additional cost incurred when producing one more unit of a good or service. It is the change in total cost resulting from the production of one extra unit of output.

The formula for marginal cost is:

MC = $$\frac{\Delta TC}{\Delta Q}$$​

Where:

• ΔTC is the change in total cost,
• ΔQ is the change in the quantity of output, which is typically 1 unit.

Thus, marginal cost specifically refers to the cost incurred from producing one additional unit of a good or service.