# Marginal cost equal: a. the variable cost of the additional unit of production minus the variable...

## Question:

Marginal cost equal:

a. the variable cost of the additional unit of production minus the variable cost of the previous unit produced.

b. the change in variable costs divided by the change in output.

c. the change in total cost divided by the change in output.

d. All of the above.

## What Are Total Cost:

A company's Total Cost is a very important figure since it is ultimately what is subtracted from revenue to determine profitability. The Total Cost of a company usually has two components: Fixed costs, which remain stable, and variable costs, which vary based on output.

## Answer and Explanation:

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Chapter 3 / Lesson 16What is total cost in economics? Learn how to calculate total cost using the total cost formula. See the definitions of total fixed cost and total variable cost.

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