A. total cost divided by output. B. the increase in total cost divided by the increase in output. C. the increase in total cost divided by the increase in labor, given the amount of capital. D. total cost minus total fixed cost. ...
The change in the quantity of units is the difference between the number of units produced at two varying levels of production. Marginal cost strives to be based on a per-unit assumption, so the formula should be used when it is possible for a single additional unit to be produced. For e...
6. Marginal cost is most accurately defined as the: A:A:cost that a consumer must incur to consume an additional unit of a good or service B:B:value of the good or service that a consumer must forego in order to consume an additional unit of a good or service. C:C:cost of produci...
Marginal cost is defined as the change of total cost when producing one more unit of energy (e.g. 1 MWh). In the short-term, the capacity of the energy system is fixed, the short-term marginal cost only includes the operating costs of the existing infrastructure, without any additional ...
题目As output increases, total cost also increases. Therefore: A. marginal cost is increasing. B. marginal cost is positive. C. average fixed costs are increasing. D. all of the above 相关知识点: 试题来源: 解析 答案:B 反馈 收藏
If average variable cost decreases as output increases, then: A. marginal cost is negative. B. marginal cost is decreasing. C. marginal cost is less than average variable cost. D. marginal cost is greater than average variable cost. 相关知识点: 试题来源: 解析 答案:C 反馈 收藏 ...
However, the formula can still be used to capture the average marginal revenue across a series of units (i.e. the difference between the 100th and 115th unit sold). The formula for marginal revenue can be expressed as:Marginal Revenue=Change in RevenueChange in QuantityMR=ΔTRΔQMarginal ...
Marginal Cost: Given the cost function {eq}C(x) {/eq}, we can calculate the marginal cost function {eq}C'(x) {/eq} by differentiating {eq}C(x) {/eq}. This is because the marginal cost function corresponds to the rate of ...
Marginal costing may be defined as the ascertainment of marginal costs, and of the effect on profit, of changes in the volume or type of output, by differentiating between fixed and variable costs. Under this technique, variable cost of production is set off against sales revenue. The resultant...
business and how the new equipment will help the business to function and thecostof the product will determine what the managers of the business decides. Marginalcostsare change in totalcostsdivided by change in output.Marginalrevenue is the change in total revenue divided by change...