Marginal cost
A)equals the slope of the total cost curve.
B)is calculated as DTC/DQ.
C)is the increase in total cost resulting from a one-unit increase in output.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

A) Marginal cost is calculated as the derivative of the total cost curve, which is the slope. 
B) Marginal cost is calculated as the change in total cost divided by the change in output. 
C) Marginal cost is defined as the increase in total cost resulting from a one-unit increase in output. Therefore, all of the above statements are correct.

Marginal Cost