For Heidi, the marginal cost of producing one additional photograph equals the change in ________ divided by the change in the _.
A)total cost; number of photographs
B)marginal cost; number of photographs
C)average cost; number of photographs

D)total cost; marginal product of photographs

Question

For Heidi, the marginal cost of producing one additional photograph equals the change in ________ divided by the change in the _.
A)total cost; number of photographs
B)marginal cost; number of photographs
C)average cost; number of photographs

D)total cost; marginal product of photographs

Quizplus · Accepted Answer

The marginal cost is calculated as the change in total cost divided by the change in the quantity of output, which in this case is the number of photographs.

For Heidi, the Marginal Cost of Producing One Additional Photograph