Marginal cost is calculated by dividing
A) the change in total cost by the change in the quantity of output produced.
B) total output by the number of people employed.
C) the change in total output by the change in the number of people employed.
D) the change in total cost by the change in change in variable cost.
E) total cost by total output.
Correct Answer:
Verified
Q9: Average total cost is the
A) cost of
Q10: Total cost is the cost of
A) land
Q11: Economic goods and services produced by business
Q12: Average total cost is
A) the per-unit cost
Q13: The law stating that added quantities of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents