In the short run, which are most important in determining changes in output?
A)marginal costs and revenue
B)total costs and revenue
C)average costs and revenue
D)fixed costs

Question

In the short run, which are most important in determining changes in output?
A)marginal costs and revenue 
B)total costs and revenue 
C)average costs and revenue 
D)fixed costs

Quizplus · Accepted Answer

In the short run, marginal costs and revenue are most important in determining changes in output because they represent the additional costs and revenue associated with producing one more unit of output.

In the Short Run, Which Are Most Important in Determining