Post Utme Achievers University 2018 Commerce Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2018 Commerce Objective / Multiple Choice

Question 26 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • COMMERCE • objective

A firm's marginal cost (MC) is the change in total cost (TC) resulting from a one-unit change in the quantity produced. Which of the following is a correct formula for calculating MC?

Answer Options

Correct Answer A. MC = ΔTC / ΔQ

B. MC = TC / Q

C. MC = Q / TC

D. MC = ΔQ / ΔTC

Correct Answer

Correct Option:

MC = ΔTC / ΔQ

About This Question

This is Post Utme Achievers University 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Achievers University Commerce examination.

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