Marginal cost is equal to ……..?
Select ONE answer:
- The change in total cost divided by the change in total revenue.
- The change in total cost divided by the change in quantity.
- Quantity divided by total cost
- 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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