Which of the following best describes marginal cost?
a. The change in total cost when one additional unit of output is produced.
b. Total cost divided by the quantity of output produced.
c. Total variable cost divided by the quantity of output produced.
d. Total fixed cost divided by the quantity of output produced.
e. Costs that do not vary as output varies, and that must be paid even if output is zero.
a
Economics
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Breakfast anyone? Which of the following pairs best represents complementary goods?
a. bacon and saugage b. butter and margarine c. bacon and eggs d. toast and rolls e. coffee and tea
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