Multiple Choice
Marginal cost equals (i)
Change in total cost divided by change in quantity produced.(ii)
Change in variable cost divided by change in quantity produced.(iii)
The average fixed cost of the current unit.
A) (i) and (ii) only
B) (ii) and (iii) only
C) (i) only
D) (i) , (ii) , and (iii)
Correct Answer:
Verified
Correct Answer:
Verified
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