Marginal cost is equal to the
A)change in total cost divided by the change in output.
B)change in average total costs divided by the change in output.
C)change in total product divided by the change in output.
D)change in average product divided by the change in output.

Question

Quizplus · Accepted Answer

Marginal cost is the additional cost incurred in producing one additional unit of output. Mathematically, it is calculated by taking the change in total cost divided by the change in output. Therefore, choice A is the correct answer.

Marginal Cost Is Equal to the