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Fynjy0 [20]
3 years ago
11

Marginal cost is equal to A. change in total variable cost divided by change in output. B. change in total cost divided by chang

e in output. C. total variable cost divided by quantity of output. D. Both A and B are correct.
Business
2 answers:
Ipatiy [6.2K]3 years ago
5 0

Answer:

D

Explanation:

If the cost function C is continuous and differentiable, the marginal cost  MC is the first derivative of the cost function with respect to the output quantity Q:

MC(Q)= dC/ dQ.

The marginal cost can be a function of quantity if the cost function is non-linear. If the cost function is not differentiable, the marginal cost can be expressed as follows:

MC=^C/^Q

where ^  denotes an incremental change of one unit.

vfiekz [6]3 years ago
5 0

Answer:

Option "B" is correct.

Explanation:

It is the change in total cost, not total variable cost over the output. Thank you.

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Read 2 more answers
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