Short-run marginal cost is equal to
A) the change in total cost divided by the change in output.
B) the change in total variable cost divided by the change in output.
C) the cost per unit of the variable input divided by the marginal product of the variable input.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

Short-run marginal cost can be calculated using any of the methods described in A, B, and C. Each option represents a valid way to determine the marginal cost in the short run.

Short-Run Marginal Cost Is Equal to