Marginal cost equals
A)Q/TVC.
B)ΔTFC/ΔTC.
C)ΔTC/ΔQ.
D)ΔQ/ΔTVC.
E)(TC - TVC)/Q.

Name: Marginal cost equals A)Q/TVC. B)ΔTFC/ΔTC. C)ΔTC/ΔQ. D)ΔQ/ΔTVC. E)(TC - TVC)/Q.
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Question

Quizplus · Accepted Answer

Marginal cost is the change in total cost resulting from a one-unit change in output. Therefore, it is calculated by the change in total cost (ΔTC) divided by the change in output (ΔQ). Choice C is the only option that represents this calculation.

Marginal Cost Equals