Given the units of measure for production and the units of measure for cost or revenue. Write the units of measure for the indicated marginal. Total cost is given by million dollars when q million units are produced; .
A) dollars per unit
B) units
C) units per million dollars
D) million dollars
E) dollars

Question

Given the units of measure for production and the units of measure for cost or revenue. Write the units of measure for the indicated marginal. Total cost is given by  million dollars when q million units are produced;  .
A) dollars per unit 
B) units 
C) units per million dollars 
D) million dollars 
E) dollars

Quizplus · Accepted Answer

Marginal cost is the derivative of total cost with respect to production quantity, so its units are the units of measure for cost (dollars) divided by the units of measure for production (units). This results in units of dollars per unit.

Given the Units of Measure for Production and the Units