Marginal cost is equal to
A) the total cost of a firm's production.
B) total cost minus fixed cost.
C) a cost that is not related to the quantity produced.
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
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The stock market showed a PE for Alibaba equal to 32. What does PE mean?
A) price-earnings ratio B) profit-earnings ratio C) perfect-earnings ratio D) price-equity ratio
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Which of the following explains what would likely happen if public goods were marketed like private goods?
A. Many consumers would want to buy the goods. B. Government failure would result. C. Public goods would be overproduced. D. Public goods would be underproduced.
Economics