Question: Marginal cost is defined as total variable cost divided by total output. total cost divided by total output. the change in fixed cost from producing

Marginal cost is defined as
total variable cost divided by total output.
total cost divided by total output.
the change in fixed cost from producing one more unit of output.
the change in total costs from producing one more unit of output.
The marginal cost curve often decreases at first and then starts to increase.
This is explained by
economies of scale.
the law of diminishing returns.
increasing ATC.
Marginal cost is defined as total variable cost

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