πŸ“Š 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
πŸ’¬ Discuss
βœ… Correct Answer: (A) the change in total cost due to one unit change in output.

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