Marginal cost is defined as | Faculties

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Mr. Dubey

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📊 Fundamentals of Economics

Q. Marginal cost is defined as

(A) the change in total cost due to one unit change in output.
(B) the change in total cost due to one unit change in input.
(C) the ratio of total cost to total output
(D) the ratio of total cost to total input

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✅ Correct Answer: (A) the change in total cost due to one unit change in output.

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