Editorial / Best Answer
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T.Prasad
Marginal Cost is the cost with is incurred to produce one more extra unit.
Example to produce 100 units cost is Rs. 500/-
to produce the 101th unit the cost became Rs. 520/- (The cost to produce one more unit i.e, unit is Rs. 20/-) The Rs. 20/- is called Marginal Cost.
What is marginal cost?
Editorial / Best Answer
Answered by: T.Prasad
Marginal Cost is the cost with is incurred to produce one more extra unit.
Example to produce 100 units cost is Rs. 500/-
to produce the 101th unit the cost became Rs. 520/- (The cost to produce one more unit i.e, unit is Rs. 20/-) The Rs. 20/- is called Marginal Cost.
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