Solved

Marginal Cost Is Calculated for a Particular Increase in Output

Question 102

Multiple Choice

Marginal cost is calculated for a particular increase in output by


A) multiplying the total cost by the change in output.
B) multiplying the change in total cost by the change in output.
C) dividing the total cost by the change in output.
D) dividing the change in total cost by the change in output.

Correct Answer:

verifed

Verified

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

Related Questions

Q97: Higher isocost lines correspond to higher<br>A)profits.<br>B)total costs

Q98: If a firm decreases its plant size

Q99: What is the difference between total cost

Q100: Implicit costs can be defined as<br>A)accounting profit

Q101: Figure 11-12<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-12

Q103: Figure 11-18<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-18

Q104: If production displays economies of scale, the

Q105: An isoquant shows<br>A)the combinations of two goods

Q106: Figure 11-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-1

Q107: At the minimum efficient scale<br>A)all possible economies