Which of the Following Statements Is True

question 208

Multiple Choice

Which of the following statements is true?

• A)The marginal product is the change in total revenue divided by a one-unit change in a factor.
• B)The marginal revenue is the change in total output divided by the change in output.
• C)The value of the marginal product is the marginal product times the price.
• D)The marginal cost is equal to the average total cost.

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