Marginal Cost

question 38

Multiple Choice

Marginal cost

• A)is usually zero in the short run.
• B)equals total costs plus total fixed costs.
• C)will fall with output until the onset of diminishing marginal returns.
• D)does not vary with the quantity of output that a firm produces.
• E)is usually zero in the long run.

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Definitions:

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Pertaining to laws or the practice of law; concerned with the system of rules that a particular country or community recognizes.

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Physical cables or circuits that transmit voice or data communications between different locations.

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The speed at which data is transferred from one device or system to another.