Solved

Marginal Cost Is

Question 57

Multiple Choice

Marginal cost is


A) the increase in total cost from producing one more unit of output
B) total variable cost per unit of output
C) fixed cost per marginal unit
D) average total cost divided by the quantity of inputs used
E) total cost per unit of output

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q52: If Papagna's Pizza Parlor knows that the

Q53: If firms in a market have been

Q54: Sunk costs should be ignored in decision

Q55: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -In Figure 7-4,marginal

Q56: If the marginal product of labor is

Q58: If a firm increases its output level

Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-8 shows

Q60: Samantha has been working for a law

Q61: Samantha has been working for a law

Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-8 shows