Marginal cost equals:
A) total cost divided by total quantity.
B) the slope of the demand curve under perfect competition.
C) the slope of the total product curve when the latter is at its maximum.
D) the change in total cost divided by the change in total output.
E) the slope of the supply curve.
Correct Answer:
Verified
Q1: The below figure shows the various combinations
Q3: When more and more units of a
Q4: Diminishing marginal returns means that as you
Q5: Fixed costs are costs paid for:
A)plant,equipment,and land
Q7: If labor is the only variable input,an
Q9: If a firm is experiencing diminishing returns,then:
A)the
Q10: The law of diminishing returns applies:
A)in the
Q11: Marginal fixed cost:
A)is a positive constant irrespective
Q13: The below figure shows the various combinations
Q17: The below figure shows the various combinations
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