Marginal cost is
A) the change in total cost that results from hiring one more unit of labor.
B) total cost divided by total output.
C) the change in total variable cost that results from hiring one more unit of capital.
D) the change in total cost that results from hiring one more unit of capital.
E) the change in total cost that results from increasing output by one unit.
Correct Answer:
Verified
Q69: Total costs are
A)variable costs plus average cost.
B)marginal
Q70: When fertilizer yields diminishing returns in the
Q71: When production increases, total costs
A)can increase or
Q72: The slope of the supply curve reflects
Q73: Because marginal product decreases as input is
Q75: The total cost curve
A)has a positive slope
Q76: Because marginal cost increases as output increases,
A)marginal
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