Marginal Cost

question 91

Multiple Choice

Marginal cost

• A) is the difference between total cost and total fixed cost.
• B) increases as the marginal product of labor increases.
• C) decreases as the average product of labor increases.
• D) is the change in total cost arising from a one-unit increase in output.
• E) equals the change in variable cost divided by the change in fixed cost when output increases by one unit.