The marginal cost when output = 10 is equal to
A. the slope of a line drawn tangent to the total cost curve where output = 10.
B. The total cost of 10 units of output divided by its average cost.
C. The average cost of 10 units
D. None of the above.
Answer:C
The marginal cost when output = 10 is equal to
A. the slope of a line drawn tangent to the total cost curve where output = 10. B. The total cost of 10 units of output divided by its average cost. C. The average cost of 10 units D. None of the above.