Question

Marginal Cost changes due to change in ______Cost
a)Total
b)Fixed
c)Variable
d)Average

Explain the Answer too, or else the answer will be reported as incompleteeee

Answer 1

Answer:

Option a) Total is the correct answer

Explanation:

This is because Marginal cost is the addition to total cost due to addition of one unit of output.

MC of n= (TC of n) -(TC of n-1)

Hope it helps you...