Marginal Cost Can Be Calculated As

question 160

Multiple Choice

Marginal cost can be calculated as:

• A)∆TC/∆Q, where TC is total cost and Q is output.
• B)∆VC/∆Q, where VC is variable cost and Q is output.
• C)the slope of the total cost curve.
• D)∆TC/∆Q, where TC is total cost and Q is output; ∆VC/∆Q, where VC is variable cost and Q is output; and as the slope of the total cost curve.

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Definitions:

APS

Advanced Planning and Scheduling is a system that integrates production planning and shop floor scheduling, improving manufacturing efficiency.

Disposable Income

Funds designated to households for the dual purposes of saving and spending post income tax considerations.

MPC

The marginal propensity to consume, representing the proportion of additional income that an individual will spend on consumption.

Saving

The portion of income not spent on consumption, often put aside for future use or investment.