Explain the marginal cost with suitable illustration.
Answers
Answered by
7
Heya....
Change in total expenditure incurred by producer when one more unit if output is produced....
Formula.. TC n - TC n-1 .....
Suppose the cost of producing 10 unit is 200....
Now 11 units are produced in 250 rupees...
Then MC is.... 250-200= 50....
Change in total expenditure incurred by producer when one more unit if output is produced....
Formula.. TC n - TC n-1 .....
Suppose the cost of producing 10 unit is 200....
Now 11 units are produced in 250 rupees...
Then MC is.... 250-200= 50....
Similar questions