A firm's total profit equals Multiple Choice P- MC. (P- ATC) X Q. O P X Q. O ( P - ATC) : Q.Marginal cost
A firm's total profit equals Multiple Choice P- MC. (P- ATC) X Q. O P X Q. O ( P - ATC) : Q.Marginal cost is calculated as Multiple Choice total revenue minus total costs. the change in output divided by the change in total costs. the percentage change in total costs divided by the percentage change in output. @000 the change in total cost divided by the change in output
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