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:

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Multiculturalism

A policy or philosophy that recognizes, values, and promotes multiple cultural backgrounds and identities within a society.

Symbolic Ethnicity

A term referring to an ethnic identity that is only expressed on specific occasions and does not significantly impact the individual's daily life, often characteristic of later generations of immigrants.

Scapegoat

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