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Cost Curves · Question 29 of 62

Question 29

MediumOriginal question

Assertion (A): Marginal cost is unaffected by fixed cost.

Reason (R): Fixed cost does not change when one more unit is produced.

Options for question 29

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Both are true, and R explains A: MC is a change in cost, and fixed cost does not change.

Concept
MC and fixed cost
Typical time
70 s
Your time
—
The rule this testsAverage and marginal cost
Practise this chapter →

Ten questions from Cost Curves, at your own pace.

Practise this chapter →

Ten questions from Cost Curves, at your own pace.