Question

Distinguish between average cost and marginal cost

Answer 1

There is a difference between average cost and marginal cost. ... Marginal cost is change in total costs which occur when an additional... There is adifference between average cost and marginal cost. The average cost of a product is the total cost of making a product divided by the total number of products made

Answer 2

There is a difference between average cost and marginal cost. ... Marginal cost is change in total costs which occur when an additional... There is adifference between average cost and marginal cost. The average cost of a product is the total cost of making a product divided by the total number of products made.