How does a firm calculate marginal cost?(1 point) Responses

Question

A. By dividing the change in output by the change in total cost.
B. By adding up its variable costs and fixed costs.
C. By dividing the change in total cost by the change in output.
D. By subtracting it total cost from total revenue.

Answer 1

C. By dividing the change in total cost by the change in output.