Marginal costs are to production levels as variable costs are to which of the following?

Marginal costs refer to the additional cost of producing one more unit of a good or service. They help businesses understand how production levels impact overall costs. Variable costs, on the other hand, are expenses that change depending on how much a company produces. For example, if a bakery makes more cakes, the cost of ingredients like flour and sugar increases. Therefore, just as marginal costs relate to production levels, variable costs relate to the total output of a business.