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8 November, 18:12

What is marginal cost?

total revenue plus total cost

the cost of producing one more unit of a good

the difference between fixed and variable costs

total revenue minus total cost

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  1. 8 November, 20:17
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    Marginal cost is the cost of producing one more unit of a product.

    Explanation:

    Marginal cost refers to additional cost of producing an extra unit of a product. The differentiation of total cost gives marginal cost.
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