Marginal Cost

question 82

Multiple Choice

Marginal cost:

• A)is calculated by change in total cost divided by change in total output.
• B)is calculated by change in total output divided by change in total cost.
• C)increases then decreases,as output increases,to reflect marginal product.
• D)None of these is true.

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Definitions:

Boiling Point

The temperature at which a liquid turns to vapor, specific to each substance under given pressure conditions.

Diethyl Ether

A highly volatile and flammable ether used as a solvent and formerly as an anesthetic.

Butan-1-ol

A primary alcohol with the formula C4H9OH, where the hydroxyl group is attached to the first carbon of a four-carbon chain.

Ethers

Ethers are a class of organic compounds characterized by an oxygen atom connected to two alkyl or aryl groups.