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If Δ\Delta TC Represents the Change in Total Cost Δ\Delta W the Change in the Wage Rate

Question 11

Multiple Choice

If Δ\Delta TC represents the change in total cost, Δ\Delta w the change in the wage rate, Δ\Delta TFC the change in total fixed cost, Δ\Delta q the change in output,and Δ\Delta AC the change in average cost,the marginal cost of the firm can be defined as:


A) Δ\Delta TC/ Δ\Delta w.
B) Δ\Delta TFC/ Δ\Delta q.
C) Δ\Delta AC/ Δ\Delta q.
D) Δ\Delta TC/ Δ\Delta q.

Correct Answer:

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