Ask Question
11 May, 00:26

Marginal cost is equal to the a. change in average product divided by the change in outputb. change in total cost divided by the change in outputc. change in average total costs divided by the change in outputd. change in total product divided by the change in output

+1
Answers (1)
  1. 11 May, 03:29
    0
    The correct answer is option b.

    Explanation:

    Marginal cost shows the change in total cost incurred due to producing an additional unit of output.

    It can be calculated by the ratio of change in total cost due and change in output level.

    Change in total product divided by change in output gives marginal product not marginal cost.

    So, the correct answer is option b.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Marginal cost is equal to the a. change in average product divided by the change in outputb. change in total cost divided by the change in ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers