Chapter 55, Problem 2MCQ

To determine

Two types of costs in which the marginal cost can be found at the change when output increases by one.

Explanation of Solution

Variable cost or fixed cost are the two costs where the marginal cost can be found at the change in one cost when output increases by another because these costs affect when the variable cost exists.

Therefore, the correct option is d.

Economics Concept Introduction

Introduction:

Total cost is the sum of all costs or expenses that are incurred by a business firm while doing business activities.