Marginal cost is the increase in total ________ that results from a one-unit increase in ________.
A) fixed cost; the fixed input
B) cost; output
C) variable cost; the variable input
D) fixed cost; output
Correct Answer:
Verified
Q157: A firm's total cost (TC) equals the
Q158: In a diagram with the total cost
Q159: Q160: Which of the following would be classified Q161: A firm's marginal cost is the increase Q163: Marginal cost is Q164: Marginal cost is calculated as Q165: As output increases, AVC approaches ATC because Q166: Average variable cost is equal to Q167: As output increases, average fixed cost
A) all the costs of
A) total cost
A) average
A) always
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