Marginal cost is the change in the total (or variable) cost divided by the change in the volume of output

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True

False

The total costs are

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a. Total fixed costs + variable costs

b. Divide the fixed costs by the volume of output

c. Divide the total cost by the variable costs

d. Fixed costs + marginal cost

To reduce unemployment, the state may adopt policies that reduce the actual rate of workers, whether by reducing the daily working hours or the number of days of the week, increasing holidays and vacations, or by encouraging young people to continue studying for a longer period, as well as reducing the retirement age.

Select one:

True

False