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graygnu887Lv1
29 Sep 2019
Marginal cost may be much higher than average variable cost because:
A. MC includes fixed costs while AVC does not
B. MC represents the variable cost of producing the last unit, which can be very steep if you are pushing the production system to its limit. Average variable cost is based on all of the units produced.
C. AVC only includes labor while MC includes all variable costs
Marginal cost may be much higher than average variable cost because:
A. MC includes fixed costs while AVC does not
B. MC represents the variable cost of producing the last unit, which can be very steep if you are pushing the production system to its limit. Average variable cost is based on all of the units produced.
C. AVC only includes labor while MC includes all variable costs
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Sonal BahlLv10
29 Sep 2019
28 Nov 2020
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