Which Statement Explains the Relationship Among Different Cost Functions

question 130

Multiple Choice

Which statement explains the relationship among different cost functions

• A)The marginal cost of the fifth unit of output equals the total cost of five units minus the total cost of four units.
• B)The average variable cost of seven units equals total fixed cost of seven units plus the total variable cost of seven units.
• C)The marginal cost of the fifth unit of output equals the total fixed cost of five units minus the total variable cost of five units.
• D)The total cost of seven units equals the total variable cost of seven units times seven.

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