Variable cost divided by change in quantity produced is
A) average variable cost.
B) marginal cost.
C) average total cost.
D) None of the above is correct.
Correct Answer:
Verified
Q84: One assumption that distinguishes short-run cost analysis
Q90: Table 13-3 Q95: Table 13-3 Q96: Figure 13-3 Q97: Marginal cost equals (i) change in total cost Q162: As Al's Radiator Company adds workers while Q173: Fixed costs can be defined as costs Q184: Average total cost is equal to Q200: The cost of producing the typical unit Q299: The cost of producing an additional unit Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)output/total cost.
B)total
