In Order to Calculate Marginal Cost, the Change in ______________

question 10

Multiple Choice

In order to calculate marginal cost, the change in ______________ is divided by the amount of change in quantity.

• A) either total cost or average cost
• B) increasing marginal returns
• C) either total cost or variable cost
• D) decreasing marginal returns

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Definitions:

Debit Totals

The sum of all debit entries made in a company's accounting records during a specific period.

Credit Totals

The aggregate amount of credit entries recorded in a financial system or ledger.

Trial Balance

A spreadsheet where the totals of all ledger balances are gathered into equal totals in debit and credit columns for accounts.

Debit Column

A column in financial accounting used to record entries that decrease liabilities and increase assets or expenses.