If Fixed Costs Do Not Change, Then Marginal Cost

question 204

Multiple Choice

If fixed costs do not change, then marginal cost

• A)also remains constant.
• B)equals the change in variable cost divided by the change in output.
• C)equals the change in average variable cost divided by the change in output.
• D)equals the change in average fixed cost divided by the change in output.

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Definitions:

Expensive

Having a high price or cost, often reflecting high quality, rarity, or significant value.

Time-consuming

Describes tasks or activities that require a lot of time to complete, often more than is desired or expected.

Experimental Research

A scientific approach that seeks to determine cause-and-effect relationships by manipulating independent variables and observing their effects on dependent variables.

Independent Variable

In an experiment, the stimulus variable or condition the experimenter manipulates to learn its effect on the dependent variable.