Economy, asked by athulpradeepcn, 6 months ago

are production and cost interdependent in short run

Answers

Answered by rajanak600731

Explanation:

MC, also called incremental cost, is the increase in cost that results from producing one extra unit of output. Since FC does not change as the firm's level of output changes, MC is just the increase in variable cost that results from an extra unit of output.

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