Marginal Cost Is Calculated for a Particular Increase in Output

question 102

Multiple Choice

Marginal cost is calculated for a particular increase in output by

• A)multiplying the total cost by the change in output.
• B)multiplying the change in total cost by the change in output.
• C)dividing the total cost by the change in output.
• D)dividing the change in total cost by the change in output.

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Definitions:

Bacteria

Single-celled microorganisms that can live in a variety of environments, some of which can be beneficial to human health while others can cause diseases.

Developed Countries

Nations with advanced industrial infrastructure and high living standards.

Lifestyle Factors

Elements or behaviors of an individual's lifestyle that can influence their health and quality of life, such as diet, exercise, and smoking.