For Heidi, the marginal cost of producing one additional photograph equals the change in _____ divided by the change in the _____ of photographs.
A) total cost; number
B) marginal cost; number
C) total cost; marginal product
D) average cost; number

Question

Quizplus · Accepted Answer

The marginal cost is calculated as the change in total cost divided by the change in the number of units produced, which in this case is the number of photographs.

For Heidi, the Marginal Cost of Producing One Additional Photograph