Answered: 31. Marginal cost is a Total cost per…

31. Marginal cost is a Total cost per unit of output b. Average total cost divided by the quantity of inputs used C. Fixed cost per marginal unit d. Total variable cost per unit of output

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 5CQQ

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Question

31. Marginal cost is
a Total cost per unit of output
b. Average total cost divided by the quantity of inputs used
C. Fixed cost per marginal unit
d. Total variable cost per unit of output

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