____ refers to the change in total cost (TC) due to the production of an additional unit of output.

Related MCQs

• In input-output analysis,____ shows the number of units of any industry’s output needed to produce one unit of another industry’s output.
• _____ measures the change in TP due to a one unit change in the quantity of labour used:
• In input-output analysis,____ is obtained by dividing the input of the desired sector by the total output of the same sector.
• The cost per output is given by C = 2x + 27. Then the marginal cost when x = 5 is:
• The value of Lagrange multiplier λ gives the approximate change in the objective function caused by a small change in the:
• In input-output analysis,if the exogenous sectors of the open input output model is absorbed in to the system as just another sector _____
• A profit-maximizing monopoly firm with a demand curve P = 50 − Q is a perfect pricediscriminator. If it has marginal costs of Rs. 10/unit and fixed costs of Rs. 30, it will produce _____ units of output and will make______ profit.
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is:
• In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is:
• For a total cost function TC = 1.5Q2 + 4Q + 46, MC is :