Marginal Cost Equals

question 198

Multiple Choice

Marginal cost equals

• A) total cost minus total variable cost.
• B) total fixed cost divided by total output.
• C) total variable cost divided by total output.
• D) the change in total cost that results from a one-unit increase in output.
• E) the change in fixed cost that results from a one-unit increase in output.

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Definitions:

Tectonics

The branch of geology concerned with the structure and movement of the Earth's crust and large-scale processes affecting its layout.

Joints

Natural fractures or separations in rock that occur without significant displacement of the sides.

Weathering

The breakdown of rocks, soils, and minerals as well as artificial materials through contact with the Earth's atmosphere, waters, and biological organisms.

Fluid Pressure

The pressure exerted by a fluid at any given point within the fluid, dependent on the fluid's density and depth.