Short-Run Marginal Cost

question 53

Multiple Choice

Short-run marginal cost:

• A) is the rate of change of short-run fixed cost as the level of output changes.
• B) is the rate of change of short-run total variable cost as the level of output changes.
• C) is the rate of change of short-run average cost as the level of output changes.
• D) is the rate of change of short-run total cost as the level of output changes.
• E) b and d

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