Economics Multiple Choice Question – 20 October 2018

Marginal cost is equal to ……..?

Select ONE answer:

1. The change in total cost divided by the change in total revenue.
2. The change in total cost divided by the change in quantity.
3. Quantity divided by total cost
4. Total cost divided by quantity.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 2

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