Solved

Marginal Cost Is Defined As

Question 49

Multiple Choice
Marginal cost is defined as: A)the change in total cost due to a one unit change in output. B)total cost divided by output. C)the change in output due to a one unit change in an input. D)total product divided by the quantity of input.

Marginal cost is defined as:


A) the change in total cost due to a one unit change in output.
B) total cost divided by output.
C) the change in output due to a one unit change in an input.
D) total product divided by the quantity of input.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q44: -Refer to Scenario</p></div><svg width=

Q45: -Refer to Scenario</p></div><svg width=

Q46: For a particular production function,over the range

Q47: Which of the following statements is correct?
A)In

Q48: Assume a firm is currently producing 100

Q50: If a firm experiences constant returns to

Q51: Which of the following statements concerning the

Q52: -Refer to Scenario</p></div><svg width=

Q53: If a firm experiences constant returns to

Q54: -Refer to Scenario</p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents