Define about marginal cost.
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In economy, marginal cost is the change in the oppurtunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good..
Hope it hlps u...
In economy, marginal cost is the change in the oppurtunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good..
Hope it hlps u...
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