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31 October, 13:16

The extra cost associated with undertaking an activity is called

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  1. 31 October, 14:03
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    The extra cost associated with undertaking an activity is called Marginal cost.

    Marginal cost is the additional cost incurred for an additional unit of production or Marginal cost is the extra cost which is incurred for additional activity.

    The concept of marginal cost is used to evaluate the incremental benefit of investing in additional activity by comparing the marginal revenue with the marginal cost.

    Hence, the answer is Marginal cost.
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