Marginal cost is

total cost divided by outputCorrect answerYour answerthe fixed cost of one unitCorrect answerYour answerthe change in total cost from producing one more unitCorrect answerYour answerthe cost of the first unitCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

MCₙ = TCₙ − TCₙ₋₁. Since TFC does not change, it is also TVCₙ − TVCₙ₋₁.

Concept: Marginal cost
Typical timeTypical: 40 s
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The rule this testsAverage and marginal cost

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Marginal cost is

Explanation