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:

Salespeople

Professionals who specialize in selling products or services, often working on commission and responsible for meeting sales targets.

Implications

The possible results or effects that may arise from a specific action or decision.

Buying Decision

The process and factors influencing a consumer or organization’s choice to purchase a product or service, including personal, psychological, and economic considerations.

Restaurant Equipment

Various tools, appliances, and accessories used in the operation of a restaurant, including cooking, storage, and cleaning equipment.