marginal cost function fo

When price equals marginal cost

Marginal cost can be defined as Group of answer choicesNone of the abovethe change is total fixed cost as a result of a change in outputthe change in average total cost as a result of a change in outputthe change in total variable cost as a result of a change in output

Marginal cost equalsa.None of the above are correct.b.total cost divided by quantity of output produced.c.the slope of the total cost curve.d.total output divided by the change in total cost.

Choose all answers that are correct:  the marginal cost is the slope of theGroup of answer choicesThe variable cost curveThe marginal product curveThe average product curveThe total cost curveThe average cost curve

Under the Marginal cost pricing, the price is determined on the basis of;  A. Fixed cost  B. Variable cost  C. Total cost  D. Average cost