Marginal cost equals
A) total cost minus total variable cost.
B) total fixed cost divided by total output.
C) total variable cost divided by total output.
D) the change in total cost that results from a one-unit increase in output.
E) the change in fixed cost that results from a one-unit increase in output.
D
Economics
You might also like to view...
A cartel is likely to last longer if
A) more new firms enter the market. B) the profits of participating members are relatively stable. C) market prices vary more over time. D) there are more firms in the industry.
Economics
If GDP growth were to increase, it would cause the labor:
A. demand curve to shift left. B. supply curve to shift right. C. demand curve to shift right. D. supply curve to shift left.
Economics