Marginal Cost Is Equal to the

question 43

Multiple Choice

Marginal cost is equal to the

• A)change in total cost divided by the change in output.
• B)change in average total costs divided by the change in output.
• C)change in total product divided by the change in output.
• D)change in average product divided by the change in output.

---

Definitions:

Global Citizenship

A concept involving the understanding of global issues, recognizing interconnectedness among nations and cultures, and taking active roles in addressing global challenges.

Multiculturalism

The presence of, or support for the presence of, several distinct cultural or ethnic groups within a society.

Transnational Corporation

A large company that operates in several countries around the world.

International Monetary Fund

An international organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.