a. Marginal cost can be calculated by taking the total cost and dividing by the

Question

a. Marginal cost can be calculated by taking the total cost and dividing by the number of units b. Marginal cost is the incremental cost of one more unit c. Marginal cost will always be less than average cost d. Average cost is more useful in engineering economic analyses than marginal cost e. Two of the answers stated here are correct a. Marginal cost can be calculated by taking the total cost and dividing by the number of units b. Marginal cost is the incremental cost of one more unit c. Marginal cost will always be less than average cost d. Average cost is more useful in engineering economic analyses than marginal cost e. Two of the answers stated here are correct

Explanation / Answer

b. Marginal cost is the incremental cost of one more unit

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