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Answer the Question on the Basis of the Following Information

Question 69

Multiple Choice

Answer the question on the basis of the following information:  TFC = Total Fixed Cost Q= Quantity of Output  MC = Marginal Cost P= Product Price  TVC = Total Variable Cost \begin{array} { l l } \text { TFC = Total Fixed Cost } & Q = \text { Quantity of Output } \\\text { MC = Marginal Cost } & P = \text { Product Price } \\\text { TVC = Total Variable Cost } &\end{array} Refer to the information.Marginal cost is:


A)
Change in TVCQ\begin{array}{c}\begin{array}{lll}\text{Change in TVC}\\\hline\quad\quad\quad Q\end{array}\end{array}
B)
Change in TVC
________________
Change in QQ
C)
P - Q
______________
Change in QQ
D)
Change in TFC
_________________
Change in QQ

Correct Answer:

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