Commerce · Q160

Economics

Graduate and Post Graduate · Commerce · question 160

Q160

MC is given by

A.

Slope of TFC

B.

Slope of TC

Answer

C.

Slope of AC

D.

None of the above

Answer: Option B

Solution

Answer: Option B

Solution:

MC is given by Slope of TC. Slope tells us how (total) costs change when we change output/quantity produced.

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