7. Define marginal cost. 8. What is the relationship between the average total cost and the marginal cost? 9. Differentiate the short run cost curves and the long run cost curves. 10. What is scale? 11. Percentage changes in output is greater than the percentage changes in input is called 12. Percentages changes in output is the same as the percentage changes in input is called 13. Percentage changes in output is less than the percentage changes in input i called
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