Q48 Marginal cost is defined as the... a. Change in total cost resulting from an additional unit of output. b. Cost of an additional unit of a variable factor of production. c. Difference between average total cost and average variable cost. d. Change in fixed cost resulting from an additional unit of output. e. Cost per unit when the firm is operating at capacity. Clear my choice
Q48 Marginal cost is defined as the... a. Change in total cost resulting from an additional unit of output. b. Cost of an additional unit of a variable factor of production. c. Difference between average total cost and average variable cost. d. Change in fixed cost resulting from an additional unit of output. e. Cost per unit when the firm is operating at capacity. Clear my choice
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 3MC
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Q48
Marginal cost is defined as the...
a.
Change in total cost resulting from an additional unit of output.
b.
Cost of an additional unit of a variable factor of production.
c.
Difference between average total cost and average variable cost .
d.
Change in fixed cost resulting from an additional unit of output.
e.
Cost per unit when the firm is operating at capacity.
Clear my choice
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