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Which of the following expressions is correct? a. marginal cost = (change in quantity of output)/(change in total cost) b. average total cost = (total

Which of the following expressions is correct?

a. marginal cost = (change in quantity of output)/(change in total cost)

b. average total cost = (total cost)/(quantity of output)

c. total cost = variable cost + marginal cost

d. average variable cost = (quantity of output)/(total variable cost)

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