How does a firm calculate marginal cost?(1 point)
Responses
By subtracting it total cost from total revenue.
By subtracting it total cost from total revenue.
By dividing the change in output by the change in total cost.
By dividing the change in output by the change in total cost.
By adding up its variable costs and fixed costs.
By adding up its variable costs and fixed costs.
By dividing the change in total cost by the change in output.
1 answer
By dividing the change in total cost by the change in output.
1 answer