which-statement-best-describes-the-role-of-fixed-and-variable-costs-in-marginal-

Question

Which statement best describes the role of fixed and variable costs in marginal cost analysis?

Accepted Answer

Variable costs affect marginal cost, while fixed costs do not.

Answer

Neither fixed nor variable costs affect marginal cost.

Answer

Fixed costs affect marginal cost, while variable costs do not.

Answer

Both fixed and variable costs equally affect marginal cost.