Marginal cost equals None of the above are correct. total cost divided by quantity of output produced the slope of the total cost curve total output divided by the change in total cost
Marginal cost equals None of the above are correct. total cost divided by quantity of output produced the slope of the total cost curve total output divided by the change in total cost
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 18PAE
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So far I’ve guessed “none of the above are correct” and “ total cost divided by quantity of output produced” and neither of those are correct. Which one is correct and why?
![Marginal cost equals
None of the above are correct.
total cost divided by quantity of output produced
the slope of the total cost curve
O total output divided by the change in total cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5f440a4a-a87c-43e8-9c30-e4890b6a6760%2Ff55780a8-f1ac-47f2-baeb-20ea7dfe62ea%2Ftu7ne3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Marginal cost equals
None of the above are correct.
total cost divided by quantity of output produced
the slope of the total cost curve
O total output divided by the change in total cost
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