Question $14,12\mathrm{.}1\mathrm{.}53$

Part $2$ of $2$

Explain the concept of marginal cost. How does it relate to cost$?$ How is it found?

How does the marginal cost relate to cost$?$

A$.$ Marginal cost refers to the rate of change of cost$.$

B$.$ Cost refers to the rate of change of marginal cost.

C$.$ Marginal cost is the same as cost$.$

How is the marginal cost found?

A$.$ Marginal cost is found by taking the derivative of cost$.$

B$.$ Marginal cost is the same as cos:

C$.$ Marginal cost is found by taking the inverse of cost$.$