Multiple Choice
The reason the change in total cost divided by the change in output is equal to the change in total variable cost divided by the change in output, is because
A) total variable cost rises as output rises.
B) of the law of diminishing marginal returns.
C) total fixed cost does not change as output changes.
D) total cost does not change as output changes.
Correct Answer:
Verified
Correct Answer:
Verified
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