Marginal cost is calculated as
A) total cost divided by output.
B) the increase in total cost divided by the increase in output.
C) the increase in total cost divided by the increase in labor, given the amount of capital.
D) total cost minus total fixed cost.
Correct Answer:
Verified
Q159: Q160: Which of the following would be classified Q161: A firm's marginal cost is the increase Q162: Marginal cost is the increase in total Q163: Marginal cost is Q165: As output increases, AVC approaches ATC because Q166: Average variable cost is equal to Q167: As output increases, average fixed cost Q168: Marginal cost _ as the quantity produced Q169: 
A) all the costs of
A) average
A) always
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