Marginal cost equals:
A) the change in total fixed costs divided by the change in quantity
B) total cost divided by quantity
C) average variable cost at its minimum point
D) the change in total cost divided by the change in quantity

Question

Quizplus · Accepted Answer

Marginal cost is defined as the change in total cost that arises from producing one additional unit of a good or service, which is calculated by dividing the change in total cost by the change in quantity.

Marginal Cost Equals