The change in total cost that results from a change in output is __________ cost.
A)average fixed
B)average variable
C)average total
D)marginal

Name: The change in total cost that results from a change in output is __________ cost. A)average fixed B)average variable C)average total D)marginal
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Quizplus · Accepted Answer

Marginal cost refers to the change in total cost that results from a change in output. It is calculated by the change in total cost divided by the change in quantity produced.

The Change in Total Cost That Results from a Change