The slope of the total variable cost curve equals the:
A)average variable cost.
B)marginal cost.
C)average cost.
D)marginal physical product.

Question

Quizplus · Accepted Answer

The slope of the total variable cost curve represents the change in total variable cost with respect to a unit change in the level of output. This is the definition of marginal cost, which measures the additional cost of producing one more unit of output. Therefore, the correct answer is (B) marginal cost.

The Slope of the Total Variable Cost Curve Equals The